I'm having trouble with CL data. For example, every charting software I use shows data for 5/25/2015 but the CME doesn't report any for that day. This causes me a problem as I'm trading off of swing high and swing low lines and an extra day in there changes where the line is in the future. The high values are also different than CME reports on 5/26 and 5/22 as well which tells me there is a problem. I'm not too excited about risking money with incorrect data.
I'm getting historical data for CME from Quandl and I assume it's accurate. It seems to match the data for the current contract from the CME website.
Anyone else having problems establishing correct data and what's been your solution?
May 25th was the Memorial Day Holiday here in the US. The NYMEX Pits in New York did not open and there was no official settlement price. Globex was open though, but all trades executed on Globex on the 25th count as trade day 26th.
Energy, Metals & DME Products
Friday, May 22
1615 CT / 1715 ET / 2115 UTC – Regular close
Sunday, May 24
1700 CT / 1800 ET / 2200 UTC – Regular open for trade date Tuesday, May 26*
Monday, May 25
1200 CT / 1300 ET / 1700 UTC – Trading halt (pre-open)
1700 CT / 1800 ET / 2200 UTC – Products resume trading
Tuesday, May 26
1615 CT / 1715 ET/ 2115 UTC – Regular close
The following user says Thank You to SMCJB for this post:
How did yall get on with your trading today?
I was looking for the bounce all day with tight stops and caught it but it was very tricky and the commissions ate into my profit.
Personally I didnt want to short today which in hindsight was "wrong" but I was just looking at how I couldve improved my trading today.
Today I expected selling given the premarket retest of lows and obviously The EIA gave a hint of bearishness
I made a good few ticks on the downside even though I felt I was cutting my winner short as I wanted a move to $50.50. It turned out the chop made it difficult to hold a trend down so I did well by taking what I got.
I tried some tight attempts at an EOD short and made and gave back 20 ticks on a few flat trades.
I didnt have the flexibility to try it long when it got over .90 on the close but the bullishness was a surprise to me.
So good day for me today even though I feel it was a tough one.
How did yall get on?
Surprisingly the last few days have had little to no effect for me at all. There's been some short-lived curve flexing at times that have been nice but in the big picture the spreads have been surprisingly stable or correlated given the magnitude of the move.
I would strongly agree but one of the things that I think makes CL so difficult to trade, is estimating how much of any piece of information is already priced in.
As you know I trade spreads not outrights. As i mentioned previously when crude plunged $5 nine days ago, the curve moved in a lot more parallel fashion than I would have expected. Surprisingly (at least to me) the curve has maintained that shape. The chart below shows a scatter plot of CL_02 (ie 2nd month) vs the CL-02/CL-14 spread (ie 2nd v 14th currently CLU5/CLU6). I used 2nd month rather than prompt to get out some of the severe fundamental and expiry price moves. As you can see versus the rest of this year, the last 9 days have had spread values $2 higher than previously observed. (Red cross is July 16th, the cluster of points around/slightly to the right, is July 6th-15th).
Of course thinking about the Iranian supply situation, this could be explained by the expectation of longer dated prices being effected more than short term prices.
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