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:160,111 / 1,985
Created: by tturner86 Attachments:505

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 – 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 don’t 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
 505  
 
Thread Tools Search this Thread
 

The CL Crude-analysis Thread

  #1141 (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


SMCJB View Post
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.

Well, I know little about what it was in 1990's. I'm "grown up" on technology and while BBG was already a king

Reply With Quote
 
  #1142 (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
Good thing I took my penny profit because now I would be losing 10 cents each.

Crude may also easily crash either on Thursday or on Friday. Brent front options expire tomorrow and IEA report is coming out in Thursday early morning (and which is usually taken very seriously).


Last edited by Alphachase; June 9th, 2015 at 05:30 PM.
Reply With Quote
 
  #1143 (permalink)
Market Wizard
Houston TX
 
Futures Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 1,938 since Dec 2013
Thanks: 1,630 given, 2,949 received
Forum Reputation: Legendary


FT: Crude slide bolsters Trafigura’s profits and trading margins

Profits at the group rose almost 40 per cent in the six months to 31 March, reaching $654m, while margins hit 3.1 per cent, as the Switzerland-based company used its global network of traders and storage facilities to buy cheap crude and take advantage of dislocations in the oil market.

Reply With Quote
The following user says Thank You to SMCJB for this post:
 
  #1144 (permalink)
Always Learning
Tampa, FL, USA
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Ninja/ Continuum
Favorite Futures: Commodities
 
Posts: 24 since Jan 2015
Thanks: 61 given, 17 received


Quoting 
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum
Reserve) decreased by 6.8 million barrels from the previous week. At 470.6 million
barrels, U.S. crude oil inventories remain near levels not seen for this time of year in at
least the last 80 years.

http://ir.eia.gov/wpsr/wpsrsummary.pdf

Price spiked up after the report but currently trading below 61

Also refineries operated at 94.6%, which is higher than the past two months of reports i looked at.


Last edited by purveyor; June 10th, 2015 at 01:54 PM.
Reply With Quote
 
  #1145 (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

Today's IEA report is bullish. But...

https://www.iea.org/oilmarketreport/omrpublic/

UPDATE 1-World oil demand jumps after price slump - IEA | Reuters

Reply With Quote
 
  #1146 (permalink)
Elite Member
New Bedford, Ma.
 
Futures Experience: Intermediate
Platform: Ninjatrader
Favorite Futures: Cl, Gc, Nq
 
Posts: 8 since Jan 2012
Thanks: 156 given, 7 received

Price action-wise it still looks bullish. As long as price stays above the 60.48 area (I'm just looking at a 30 min chart)
To me, this is exactly the type of stop running pullback you should see to get the larger players long and the smaller out.

Reply With Quote
 
  #1147 (permalink)
Market Wizard
Houston TX
 
Futures Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 1,938 since Dec 2013
Thanks: 1,630 given, 2,949 received
Forum Reputation: Legendary

Crude imports continue to be at 10+ year lows while crude runs are at 10+ year highs, hence the continued draw in stocks.

Reply With Quote
 
  #1148 (permalink)
Market Wizard
Cleveland, OH
 
Futures Experience: Advanced
Platform: QST
Broker/Data: QST, DeCarley Trading, Gain
Favorite Futures: Options on Futures
 
Posts: 2,651 since Jul 2011
Thanks: 770 given, 4,581 received
Forum Reputation: Legendary


SMCJB View Post
Crude imports continue to be at 10+ year lows while crude runs are at 10+ year highs, hence the continued draw in stocks.

Yep

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Reply With Quote
The following user says Thank You to ron99 for this post:
 
  #1149 (permalink)
Market Wizard
Houston TX
 
Futures Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 1,938 since Dec 2013
Thanks: 1,630 given, 2,949 received
Forum Reputation: Legendary

While over in the NG market EIA just reported that we put a record amount of gas into storage for the second week in a row!

Reply With Quote
 
  #1150 (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


Yes, that's right. Imports down, inputs up, draw in stocks. The question is what happens when demand dries up (e.g. seasonally). Or if crude/gas prices get much higher. If production continue to be at current levels or higher, Cush will be running out of capacity at some point in the future. I think that is where fun starts.

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)

July Journal Challenge w/$1100 in prizes from TopstepTrader

July
 

An Afternoon with FIO member Softsoap

Elite only

Battlestations: Show us your trading desks and win $750 in prizes

August
 

Extended Ask Me Anything w/Brett Steenbarger

Elite only

Prototyping Python Strategies (part 3) w/Ran Aroussi

Elite only

Brannigan Barrett w/Axia Futures

Elite only

Introduction to Phillip Capital futures brokerage services

Aug TBD

How Monte Carlo Analysis Can Help Your Trading w/Kevin Davey

Elite only
     

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 08:53 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 2017-07-26 in 0.08 seconds with 19 queries on phoenix via your IP 54.224.30.39