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:224,036 / 2,175
Created: by tturner86 Attachments:557

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 100,000 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
 557  
 
Thread Tools Search this Thread
 

The CL Crude-analysis Thread

  #2161 (permalink)
Market Wizard
Houston, TX
 
Futures Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 2,502 since Dec 2013
Thanks: 2,032 given, 4,312 received
Forum Reputation: Legendary


Ozquant View Post
August oil futures were down 2.35% in the first 5m bar after weekend open . End of story ... I have no idea what you are talking about

We were talking about the fundamentals and how they effected the market. You seem to be talking about a single 5 minute bar. If you got stopped out, or had a profit target that got hit on that bar, your 100% right. (Remember Monday's low was still higher than Friday's low). If you didn't though, CLQ rallied back and almost settled unchanged. CLZ on the other hand sold off early and continued to sell off all day, significantly widening the Q-Z spread, which is what we were discussing. So I don't think its black and white as you say.. somebody looking at a RTH wouldn't see any of what you highlighted.

Your initial 5% down prediction was a bold one, and accurate in direction and severity if not magnitude and you should be commended for it. I on the other hand am just talking about something that already happened, monday morning quarterbacking as they say here. My position was setup to make money on a front end sell off. Unfortunately I was wrong and lost money on the whole move.

Where do you think it goes from here? Seems like we had a massive speculative long position liquidation in the most recent commitment of traders report. Despite that though we still seem to be very tight, with Sep $1.40 over October. Then there's Iran, offset by a potential SPR sale.

Reply With Quote
The following user says Thank You to SMCJB for this post:
 
  #2162 (permalink)
Trading for Fun
Brisbane Queensland Australia
 
Futures Experience: Advanced
Platform: Prorealtime
Favorite Futures: No i dont trade for fun i trade for profit
 
Ozquant's Avatar
 
Posts: 109 since Aug 2017
Thanks: 46 given, 154 received


SMCJB View Post
We were talking about the fundamentals and how they effected the market. You seem to be talking about a single 5 minute bar. If you got stopped out, or had a profit target that got hit on that bar, your 100% right. (Remember Monday's low was still higher than Friday's low). If you didn't though, CLQ rallied back and almost settled unchanged. CLZ on the other hand sold off early and continued to sell off all day, significantly widening the Q-Z spread, which is what we were discussing. So I don't think its black and white as you say.. somebody looking at a RTH wouldn't see any of what you highlighted.

Your initial 5% down prediction was a bold one, and accurate in direction and severity if not magnitude and you should be commended for it. I on the other hand am just talking about something that already happened, monday morning quarterbacking as they say here. My position was setup to make money on a front end sell off. Unfortunately I was wrong and lost money on the whole move.

Where do you think it goes from here? Seems like we had a massive speculative long position liquidation in the most recent commitment of traders report. Despite that though we still seem to be very tight, with Sep $1.40 over October. Then there's Iran, offset by a potential SPR sale.

Spreads have tightened and we had the washout , i think downside limited medium term . CL was a tad extended and regardless of that Trump news that was rescinded it was always going to retrace imo. I had the 65 area pegged for support as conviction buy area

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 2 users say Thank You to Ozquant for this post:
 
  #2163 (permalink)
Elite Member
Barcelona / Spain
 
Futures Experience: Intermediate
Platform: NT
Broker/Data: ZenFire
Favorite Futures: CL
 
davidfa's Avatar
 
Posts: 97 since Feb 2010
Thanks: 251 given, 128 received

asking for detail and source



Ozquant View Post
Spreads have tightened and we had the washout , i think downside limited medium term . CL was a tad extended and regardless of that Trump news that was rescinded it was always going to retrace imo. I had the 65 area pegged for support as conviction buy area

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

Hi,
nice chart data idea. Does it represent the price for each futures expiration contract? Think and hope so...
Is there an easy place to get it online-updated?
Thank you!

Reply With Quote
 
  #2164 (permalink)
Trading Apprentice
Kolumbia
 
Futures Experience: None
Platform: tt
Favorite Futures: gc
 
Posts: 5 since Jul 2018
Thanks: 1 given, 0 received


davidfa View Post
Hi,
nice chart data idea. Does it represent the price for each futures expiration contract? Think and hope so...
Is there an easy place to get it online-updated?
Thank you!

yes it does!
you can see delayed quotes on the cme website

or you can get a tt demo account and see delayed data

Reply With Quote
 
  #2165 (permalink)
Super Moderator
London UK
 
Futures Experience: Beginner
Platform: CQG
Broker/Data: S5
Favorite Futures: Futures
 
xplorer's Avatar
 
Posts: 3,855 since Sep 2015
Thanks: 9,074 given, 7,198 received


SMCJB View Post
While ride in CL today


SMCJB, do you have any idea as for the significant move down and back up again yesterday in Crude?

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


These guys did not seem to attribute it to a particular cause


Quoting 
FX
FX markets have calmed from the prior day’s EM sell-off with the USD index relatively flat above the 96.00 level, while its counterparts struggled for direction in which EUR/USD struggled to hold above 1.1400 and with GBP/USD kept rangebound at the 1.2700 handle. Elsewhere, the improvement in risk-tone helped USD/JPY and JPY-crosses sustain their recovery while commodity-linked currencies also saw mild gains amid the rebound in crude, although upside in AUD was contained by the disappointing Chinese data and softness in CNH after the PBoC continued to weaken the reference rate.

COMMODITIES
Commodities were relatively flat with WTI crude futures marginally higher as trade stabilized from the prior day’s volatility in which prices slumped briefly below USD 66/bbl before paring nearly all the losses to reclaim the USD 67/bbl level heading into the settlement. Elsewhere, gold languished and only managed to nurse a miniscule portion of Monday’s USD-induced losses, while copper was indecisive amid similar price action across the complex and the mixed overnight risk tone.
Escondida copper mine workers union are to extend discussions with the BHP for another day. (Newswires)


Reply With Quote
The following user says Thank You to xplorer for this post:
 
  #2166 (permalink)
Elite Member
Rochester, MI/USA
 
Futures Experience: Beginner
Platform: NT8
Broker/Data: NT8, IB, AMP
Favorite Futures: ES, CL, FX Fut
 
Posts: 9 since May 2017
Thanks: 4 given, 6 received


xplorer View Post
SMCJB, do you have any idea as for the significant move down and back up again yesterday in Crude?

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


These guys did not seem to attribute it to a particular cause

Because there was none
It was a basic Forex CFD type movement that isnt normally associated with Crude. Typically a purposed $2+ move means $2-$4+ move and stay there (that session), no second chances.

Since the move meant nothing, price continuation will of course thrust as usual during pre-New York open, euro session close and Wednesday morning reports.

gltu!


Last edited by mistafista; August 14th, 2018 at 10:17 AM.
Reply With Quote
The following user says Thank You to mistafista for this post:
 
  #2167 (permalink)
Trading for Fun
Brisbane Queensland Australia
 
Futures Experience: Advanced
Platform: Prorealtime
Favorite Futures: No i dont trade for fun i trade for profit
 
Ozquant's Avatar
 
Posts: 109 since Aug 2017
Thanks: 46 given, 154 received

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

Ozquant View Post
Spreads have tightened and we had the washout , i think downside limited medium term . CL was a tad extended and regardless of that Trump news that was rescinded it was always going to retrace imo. I had the 65 area pegged for support as conviction buy area



Taken a while .. Spreads closed right up , open interest dropped of , Crowed trade dissipated


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).


Last edited by Ozquant; August 20th, 2018 at 09:37 AM.
Reply With Quote
 
  #2168 (permalink)
Trading for Fun
Brisbane Queensland Australia
 
Futures Experience: Advanced
Platform: Prorealtime
Favorite Futures: No i dont trade for fun i trade for profit
 
Ozquant's Avatar
 
Posts: 109 since Aug 2017
Thanks: 46 given, 154 received

Forward Spreads can help tell some of the story

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 Ozquant for this post:
 
  #2169 (permalink)
Market Wizard
Houston, TX
 
Futures Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 2,502 since Dec 2013
Thanks: 2,032 given, 4,312 received
Forum Reputation: Legendary

Agreed. While Z8 is $5 off it's high's Z20 is only $2 lower, and trading $4 higher than it was at a similar Z8 price on the way up. It's even more pronounced further back where Z25 is only pennies below it's 2018 high and a $1.50 higher than where it was when Z8 put in it's end June highs. Interestingly, despite the back end strength, the rig count seems to have stalled being up only a few rigs since the end of May versus +110 in first five months of year.

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 2 users say Thank You to SMCJB for this post:
 
  #2170 (permalink)
Trading for Fun
Brisbane Queensland Australia
 
Futures Experience: Advanced
Platform: Prorealtime
Favorite Futures: No i dont trade for fun i trade for profit
 
Ozquant's Avatar
 
Posts: 109 since Aug 2017
Thanks: 46 given, 154 received


Visual 2yr spread

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

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)

September Journal Challenge (sponsored by TopstepTrader)

September

Free Elite Membership: Twitter Tuesday and Facebook Friday!

Tue & Fri

TopstepTrader (TBD)

Sep 25

RandBots (TBD)

Sep 27

Anthony Drager (TBD)

Oct 4
     

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 07:47 AM. (this page content is cached, log in for real-time version)

Copyright © 2018 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 2018-09-22 in 0.18 seconds with 14 queries on phoenix