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


The CL Crude-analysis Thread
Started: by tturner86 Views / Replies:131,070 / 1,811
Last Reply: Attachments:459

Welcome to futures.io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • 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, and we will never resell your private information.

-- Big Mike

Reply
 459  
 
Thread Tools Search this Thread
 

The CL Crude-analysis Thread

  #1471 (permalink)
Elite Member
Seattle,WA
 
Futures Experience: Advanced
Platform: NinjaTrader , Multicharts and my own system
Favorite Futures: Futures
 
Posts: 294 since Feb 2015
Thanks: 19 given, 452 received

Looking at the daily chart we seem to have a shooting star.

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

Reply With Quote
 
  #1472 (permalink)
Elite Member
Seattle,WA
 
Futures Experience: Advanced
Platform: NinjaTrader , Multicharts and my own system
Favorite Futures: Futures
 
Posts: 294 since Feb 2015
Thanks: 19 given, 452 received

a look at weekly US Crude oil stocks (blue) and production (green) ...

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



Crude oil prices weekly for the same time frame, not adjusted for inflation or anything...

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

Reply With Quote
 
  #1473 (permalink)
Elite Member
Seattle,WA
 
Futures Experience: Advanced
Platform: NinjaTrader , Multicharts and my own system
Favorite Futures: Futures
 
Posts: 294 since Feb 2015
Thanks: 19 given, 452 received


Oil inventory up 7.8 Million analyst estimate was 4.8 ..

Interesting quote from the EIA inventory report

".....Reserve) increased by 7.8 million barrels from the previous week. At 502.7 million barrels, U.S. crude oil inventories remain near levels not seen for this time of year in at least the last 80 years"

and oil is UP a few dollars on the news ....not sure what to say about that one.

Reply With Quote
The following user says Thank You to Aufidius for this post:
 
  #1474 (permalink)
Market Wizard
OH
 
Futures Experience: Advanced
Platform: QST
Broker/Data: QST, DeCarley Trading, Gain
Favorite Futures: Options on Futures
 
Posts: 2,374 since Jul 2011
Thanks: 650 given, 4,029 received
Forum Reputation: Legendary


Aufidius View Post
Oil inventory up 7.8 Million analyst estimate was 4.8 ..

Interesting quote from the EIA inventory report

".....Reserve) increased by 7.8 million barrels from the previous week. At 502.7 million barrels, U.S. crude oil inventories remain near levels not seen for this time of year in at least the last 80 years"

and oil is UP a few dollars on the news ....not sure what to say about that one.

Oil up because dollar index down big.

Reply With Quote
The following 2 users say Thank You to ron99 for this post:
 
  #1475 (permalink)
Elite Member
Des Moines, Iowa
 
Futures Experience: None
Platform: Ninja, TOS
Broker/Data: AMP/CQG, TOS
Favorite Futures: CL, TF, GC
 
madLyfe's Avatar
 
Posts: 1,636 since Feb 2011
Thanks: 9,211 given, 1,006 received

Futures Edge on FIO

ron99 View Post
Oil up because dollar index down big.

also we did drop like .60 before short covering.

dont believe anything you hear and only half of what you see

\_(ツ)_/

(╯□)╯︵ ┻━┻
Reply With Quote
 
  #1476 (permalink)
Market Wizard
Houston TX
 
Futures Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 1,633 since Dec 2013
Thanks: 1,434 given, 2,456 received


Aufidius View Post
Interesting quote from the EIA inventory report

".....Reserve) increased by 7.8 million barrels from the previous week. At 502.7 million barrels, U.S. crude oil inventories remain near levels not seen for this time of year in at least the last 80 years"

For this time of year is significant. Crude stocks normally peak in the spring. Last year crude stocks increased 75 million barrels in the next 3 months, 2 years ago they increased 25 million barrels. In fact in the last 16 years I believe 2003 was the only year stocks didnt increase >20million barrels in the next 3 months.

Brent is now premium again in the front of the curve, with WTI only slightly premium for the second half of the year.

Reply With Quote
The following 4 users say Thank You to SMCJB for this post:
 
  #1477 (permalink)
Chief Bottle Washer
Prospect, KY. USA
 
Futures Experience: None
Platform: Sierra Chart
Broker/Data: Infinity
Favorite Futures: /CL
 
WilleeMac's Avatar
 
Posts: 646 since Jan 2012
Thanks: 293 given, 525 received

Interesting article on /CL, news etc over the past week or so (esp last THU.) Article states that Russia and Saudi Arabia are the two largest exporters.

Also, I think Dudley's comments to MNI helped fan the short covering in /CL today as well as the dump in /ES.

Who knows, folks are walking on pins and needles - waiting for someone/ thing (central bank) to say BOO.

-William

How Russia?s ?verbal intervention? triggered an oil market rebound - MarketWatch

EDIT

Link to Dudley and MNI comments

http://www.reuters.com/article/us-usa-fed-dudley-idUSKCN0VC1M6


Last edited by WilleeMac; February 3rd, 2016 at 04:12 PM.
Reply With Quote
 
  #1478 (permalink)
Elite Member
Seattle,WA
 
Futures Experience: Advanced
Platform: NinjaTrader , Multicharts and my own system
Favorite Futures: Futures
 
Posts: 294 since Feb 2015
Thanks: 19 given, 452 received

Is it just me or are the margin requirements the same now as they were when oil was $100?

Reply With Quote
 
  #1479 (permalink)
Elite Member
South Jersey
 
Futures Experience: Advanced
Platform: Sierra
Broker/Data: IB
Favorite Futures: ES, CL
 
Posts: 98 since Apr 2011
Thanks: 19 given, 54 received


Aufidius View Post
Is it just me or are the margin requirements the same now as they were when oil was $100?

oil volatility is the highest its been since 2008-9

Reply With Quote
 
  #1480 (permalink)
Market Wizard
Houston TX
 
Futures Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 1,633 since Dec 2013
Thanks: 1,434 given, 2,456 received



Aufidius View Post
Is it just me or are the margin requirements the same now as they were when oil was $100?

I believed they peaked in Feb'15 at $4900 maintenance but are now down to $4000.

Reply With Quote

Reply



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

« Seasonal Trades | - »
Thread Tools Search this Thread
Search this Thread:

Advanced Search



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

2016 True Edge Awards: Voting is open until Jan 21!

Now
 

Bookmap New Indicator Panel, Cumulative Delta, Order Flow demo

Jan 17
 

An Afternoon with FIO member Massive l

Elite only

Leo Murphy: Making sense of Technical Analysis and Random Walk

Elite only
 

FuturesTrader71: Ask Me Anything

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 03:39 AM
CL Crude-nalysis indextrader7 Commodities Futures Trading 227 November 5th, 2014 12:47 AM
Why crude oil (CL) trades mostly 1 contract? fyd49 Commodities Futures Trading 8 May 22nd, 2014 04:27 PM
Miscellaneous Statistical Analysis (the big thread) trendisyourfriend The Elite Circle 29 July 15th, 2013 01:51 PM
Big move on crude analysis josh Commodities Futures Trading 4 March 11th, 2011 10:07 AM


All times are GMT -4. The time now is 06:14 AM.

no new posts
Page generated 2017-01-18 in 0.15 seconds with 20 queries on phoenix via your IP 54.159.158.180