The CL Crude-analysis Thread - Commodities Futures Trading | futures io social day trading
futures io futures trading


The CL Crude-analysis Thread
Updated: Views / Replies:169,519 / 2,056
Created: by tturner86 Attachments:533

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 533  
 
Thread Tools Search this Thread
 

The CL Crude-analysis Thread

  #1131 (permalink)
Trading for Fun
Nicosia, Cyprus
 
Futures Experience: Advanced
Platform: X_Trader Pro, TWS, CQG, Sierra Charts
Broker/Data: Interactive Brokers, Data: CQG, TTNEt
Favorite Futures: crude arbitrage, spreads, energy, grains
 
Posts: 191 since Dec 2013
Thanks: 28 given, 104 received


ron99 View Post
Reuters headline, EIA lowers 2016 U.S. oil production forecast, is wrong.

EIA didn't lower its' 2016 forecast. It raised it. It just made 2015 160k bpd higher than 2016.

The new forecast is 9.43 for 2015 and 9.27 for 2016. That's the 160K difference. Not a 160k lower forecast.

Exactly.

http://www.eia.gov/forecasts/steo/pdf/compare.pdf

Reply With Quote
 
  #1132 (permalink)
Market Wizard
Cleveland, OH
 
Futures Experience: Advanced
Platform: QST
Broker/Data: QST, DeCarley Trading, Gain
Favorite Futures: Options on Futures
 
Posts: 2,700 since Jul 2011
Thanks: 781 given, 4,720 received
Forum Reputation: Legendary

The young person has rewritten the article and corrected the mistakes.

UPDATE 2-U.S. sees longer oil output decline into early 2016

UPDATE 2-U.S. sees longer oil output decline into early 2016 | Reuters

Reply With Quote
The following user says Thank You to ron99 for this post:
 
  #1133 (permalink)
Trading for Fun
Nicosia, Cyprus
 
Futures Experience: Advanced
Platform: X_Trader Pro, TWS, CQG, Sierra Charts
Broker/Data: Interactive Brokers, Data: CQG, TTNEt
Favorite Futures: crude arbitrage, spreads, energy, grains
 
Posts: 191 since Dec 2013
Thanks: 28 given, 104 received


I don't understand why to read Reuters if everything is available in the STEO?

Reply With Quote
 
  #1134 (permalink)
Market Wizard
Cleveland, OH
 
Futures Experience: Advanced
Platform: QST
Broker/Data: QST, DeCarley Trading, Gain
Favorite Futures: Options on Futures
 
Posts: 2,700 since Jul 2011
Thanks: 781 given, 4,720 received
Forum Reputation: Legendary


Alphachase View Post
I don't understand why to read Reuters if everything is available in the STEO?

Because that is what many lazy traders are using for their news. You have to know what other traders are thinking.

Or should I say computer bots read headlines and make trading decisions on possible faulty headlines.

I bought puts before report and got out at 1 cent profit when market didn't move. Watch CL be down by end of week. But since I am not positive, I am not risking slight profit for 50-50 chance of making more or losing money.

Reply With Quote
 
  #1135 (permalink)
Trading for Fun
Nicosia, Cyprus
 
Futures Experience: Advanced
Platform: X_Trader Pro, TWS, CQG, Sierra Charts
Broker/Data: Interactive Brokers, Data: CQG, TTNEt
Favorite Futures: crude arbitrage, spreads, energy, grains
 
Posts: 191 since Dec 2013
Thanks: 28 given, 104 received

Well said about lazy traders LOL

"Smart" Algos don't use Reuters feeds AFAIK...

Meanwhile large draw in APIs gestimates (seems to be)

Upd. 6.7M draw, it's huge comparing to anything over last few month


Last edited by Alphachase; June 9th, 2015 at 04:48 PM.
Reply With Quote
 
  #1136 (permalink)
Market Wizard
Cleveland, OH
 
Futures Experience: Advanced
Platform: QST
Broker/Data: QST, DeCarley Trading, Gain
Favorite Futures: Options on Futures
 
Posts: 2,700 since Jul 2011
Thanks: 781 given, 4,720 received
Forum Reputation: Legendary

I don't know why market trades off of API number. The correlation between API and EIA is poor.

Reply With Quote
 
  #1137 (permalink)
Trading for Fun
Nicosia, Cyprus
 
Futures Experience: Advanced
Platform: X_Trader Pro, TWS, CQG, Sierra Charts
Broker/Data: Interactive Brokers, Data: CQG, TTNEt
Favorite Futures: crude arbitrage, spreads, energy, grains
 
Posts: 191 since Dec 2013
Thanks: 28 given, 104 received


ron99 View Post
I don't know why market trades off of API number. The correlation between API and EIA is poor.

Right, except Cush #. Over past 2 years API was very close to EIA on Cush.
Market trades because there is good liquidity on one of the sides. It's an ultra short-term trading.

Reply With Quote
 
  #1138 (permalink)
Market Wizard
Houston, TX
 
Futures Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 2,025 since Dec 2013
Thanks: 1,678 given, 3,133 received
Forum Reputation: Legendary


ron99 View Post
The young person has rewritten the article and corrected the mistakes.

UPDATE 2-U.S. sees longer oil output decline into early 2016

UPDATE 2-U.S. sees longer oil output decline into early 2016 | Reuters

Amazing. That' sort of a large headline to get wrong.
Thanks @ron99

Reply With Quote
 
  #1139 (permalink)
Market Wizard
Houston, TX
 
Futures Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 2,025 since Dec 2013
Thanks: 1,678 given, 3,133 received
Forum Reputation: Legendary


Alphachase View Post
I don't understand why to read Reuters if everything is available in the STEO?


ron99 View Post
Because that is what many lazy traders are using for their news. You have to know what other traders are thinking.

Because back in the days, when trading floors were dominated by big cathode ray tube televisions hanging from the ceilings in huge metal brackets, Reuters was pretty much the only game in town. As far back as the 1990's Reuter's had an electronic FX dealing system. Old legacies die hard.

Reply With Quote
The following user says Thank You to SMCJB for this post:
 
  #1140 (permalink)
Market Wizard
Cleveland, OH
 
Futures Experience: Advanced
Platform: QST
Broker/Data: QST, DeCarley Trading, Gain
Favorite Futures: Options on Futures
 
Posts: 2,700 since Jul 2011
Thanks: 781 given, 4,720 received
Forum Reputation: Legendary



Alphachase View Post
Right, except Cush #. Over past 2 years APIs was very close to EIA on Cush.
Market trades because there is good liquidity on one of the sides. It's an ultra short-term trading.

Correct on Cushing. Good correlation.

Good thing I took my penny profit because now I would be losing 10 cents each.

Reply With Quote

Reply



futures io > > > > The CL Crude-analysis Thread

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

FuturesTrader71: TBA

Elite only

Al Brooks: TBA

Elite only

Jigsaw Trading: TBA

Oct 19

RandBots: TBA

Oct 24
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
CL Light Crude Analysis TPO/MP/VWAP/VPOC bobarian Commodities Futures Trading 1806 July 17th, 2015 02:39 AM
CL Crude-nalysis indextrader7 Commodities Futures Trading 227 November 4th, 2014 11:47 PM
Why crude oil (CL) trades mostly 1 contract? fyd49 Commodities Futures Trading 8 May 22nd, 2014 03:27 PM
Miscellaneous Statistical Analysis (the big thread) trendisyourfriend The Elite Circle 29 July 15th, 2013 12:51 PM
Big move on crude analysis josh Commodities Futures Trading 4 March 11th, 2011 09:07 AM


All times are GMT -4. The time now is 05:26 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-09-23 in 0.08 seconds with 19 queries on phoenix via your IP 54.225.26.154