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:253,518 / 2,281
Created: by tturner86 Attachments:585

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 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

Thread Tools Search this Thread

The CL Crude-analysis Thread

  #31 (permalink)
Elite Member
In the heat
Trading Experience: None
Platform: Tradeovate
Favorite Futures: Energy
PandaWarrior's Avatar
Posts: 3,161 since Mar 2010
Thanks: 6,329 given, 13,320 received

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

December 2015 crude jumped $6.73 on Thursday.....might mean something???????

Simplicity is the ultimate sophistication, Leonardo da Vinci

Most people chose unhappiness over uncertainty, Tim Ferris
Reply With Quote
The following 3 users say Thank You to PandaWarrior for this post:
  #32 (permalink)
Elite Member
Prospect, KY. USA
Trading Experience: None
Platform: Sierra Chart
Broker/Data: Infinity
Favorite Futures: /CL
WilleeMac's Avatar
Posts: 684 since Jan 2012
Thanks: 306 given, 609 received

^^^^not only that but a hefty OI as well



Last edited by WilleeMac; January 11th, 2015 at 02:04 PM.
Reply With Quote
The following user says Thank You to WilleeMac for this post:
  #33 (permalink)
Site Administrator
Manta, Ecuador
Trading Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
Big Mike's Avatar
Posts: 47,021 since Jun 2009
Thanks: 29,997 given, 87,542 received

What's next for Crude Oil?

Total votes: 672


Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following user says Thank You to Big Mike for this post:
  #34 (permalink)
Elite Member
London + United Kingdom
Trading Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: CL, FDAX, NQ, TF
Posts: 1 since Jun 2014
Thanks: 0 given, 1 received


Reply With Quote
The following user says Thank You to rizwaanlatif for this post:
  #35 (permalink)
Membership Temporarily Revoked
Calgary Alberta/Canada
Trading Experience: Advanced
Platform: TDWaterhouse
Favorite Futures: stocks (long term)
Posts: 934 since Feb 2014
Thanks: 180 given, 778 received

I think your choices are too limiting $30 would seem too low and $70 is fine and it will get there eventually but most "experts" do not expect that the rise will be rapid...

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

I think $40.00ish would be a reasonable bottom.... God I hope so for the sake of the Canadian economy. My province, Alberta derives an increasingly amount of It seems I am now on the thread starters ignrevenues from Oil and Gas

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

If this fall continues past $40 there will be untold hardship here trickling down to the lowest levels as the the oil industry supports more than just governments... services, supply industries and the jobs associated will disappear, cities that depend on taxes from those industries will suffer in infrastructure maintenance lack... the domino falling continues.

As you can see from the first chart...$40ish oil was the limit of the fall during the financial crisis of 2008-09. I don't know what the end game of Saudi Arabia is but the USA opening the export gates to increase the availability of oil does not help Canada AT ALL... I am sure they are doing it to punish Russia but Canada is being punished as well...and the halt on the Keystone Pipeline that would give Canada access to world markets pisses us off to no end here.

I think the fall will stop at $40 but the rebound will be a very slow process

It seems like I am on the ignore list of the thread starter.... possibly because of my comment to @tigertrader but I have no quarrel with him now though we had issues in the I probably will return the favour. @Big Mike I see nothing offensive in this post to make it ignored...just responding to a poll.

I have something more to contribute but that is not really possible or apparently wanted

Last edited by Underexposed; January 12th, 2015 at 01:55 AM.
Reply With Quote
The following 2 users say Thank You to Underexposed for this post:
  #36 (permalink)
Elite Member
Prospect, KY. USA
Trading Experience: None
Platform: Sierra Chart
Broker/Data: Infinity
Favorite Futures: /CL
WilleeMac's Avatar
Posts: 684 since Jan 2012
Thanks: 306 given, 609 received

Iraq raises February OSP to Asia but cuts to U.S., Europe


Reply With Quote
  #37 (permalink)
Trading for Fun
Nicosia, Cyprus
Trading 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

The same ARAMCO did on Wed this week. Hiked prices for Asia, cut for US.

Reply With Quote
  #38 (permalink)
Market Wizard
Houston, TX
Trading Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
Posts: 2,839 since Dec 2013
Thanks: 2,283 given, 5,012 received
Forum Reputation: Legendary

Alphachase View Post
The same ARAMCO did on Wed this week. Hiked prices for Asia, cut for US.

Well maybe and maybe not. They actually raised the "formula" which doesn't mean the price went up or that the price for one location increased versus the other. To determine what the actual price is you will have to evaluate the entire formula. The Asia price is Oman/Dubai average based, the European price is Dated Brent based and the US price is ASCI based. I suspect if you look at what's happened to those major indices in the last month you'll find that the spread between these indices has moved in such a way that the relative prices are very similar after the formula changes. I'd give an example but unfortunately I do not have access to Platt's pricing to show what these indices have done in the last 45 days.

Reply With Quote
The following 3 users say Thank You to SMCJB for this post:
  #39 (permalink)
Elite Member
London, United Kingdom
Trading Experience: Intermediate
Platform: N/A
Broker/Data: Bloomberg
Favorite Futures: Energies
CobblersAwls's Avatar
Posts: 308 since Jul 2014
Thanks: 1,077 given, 385 received

Take this for what it's worth but I thought I would share this as it was interesting for me at least. This comes from a friend who has worked in the Oil industry for many years in exploration, physical delivery and also hedging via FUTS.

During the decline, when Brent was around $80 per barrel, he said that this is just a normal cycle and we will see it settle between $65-$85 as demand slowly decreases across the West. He also said that $50 would be the bottom and that beyond that most of the large producers would just cut all non-essential projects and OPEC producers like NNPC would only produce oil to fulfill their contracts but would halt all spot deals. He was short at the time covering some of his physical and said that the decline is usually exasperated by speculators.

The ironic thing is that when we were approaching that $50 mark I remembered the conversation and thought that we would probably see some chop and Shorting wouldn't be as easy near here as it has been in past weeks, thinking therefore that I should probably stay out of it. Well...I did get involved last week and made one trade which chopped me up...a lesson learnt for me at least!

I'd speculate that we will probably see some further downside as speculators continue to press it lower, especially those who perhaps had options near the $40 mark as was reported. Saying that I voted for '$70' as I believe we will begin to see a shift in perception down here with larger players seeing this as an opportunity to lock in low prices for future business costs (airlines etc). I look at examples such as this (Canada?s Richest Grain Family Bets on Rebound in Oil - Bloomberg) as the weak getting shaken out and those in strong positions seeing this an an opportune time to grab a bargain - much like in any market crash.

Reply With Quote
  #40 (permalink)
Trading Apprentice
Nesconset, my USA
Trading Experience: Advanced
Platform: More than one
Favorite Futures: Nat gas
Posts: 1 since Jan 2015
Thanks: 0 given, 0 received

We see a huge move higher in natural gas large short squeeze a move above 5 it will

Help oil move up . It will lead oil. It can see amove above 9 historic up move possible

Reply With Quote


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)

futures io is celebrating 10-years w/ over $18,000 in prizes!

Right now

Pro Trader vs Pro Athlete w/Brannigan Barrett @ Habitus Capital

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

1440, 6e, accumulation, ai, alerts, algo, algos, amp, analytics, arb, arbitrage, ats, automatically, average, backtested, benchmarking, bloomberg, buy, cancelled, cftc, chat, china, cl, cme, cme group, code, combine, commodities, comparison, conditional, confluence, continuous contract, convergence, copper, correlation, crude, crude oil, data, delete, developer, discretionary trading, distribution, diversification, diversify, dow, downloading, el, elite, email, energies, error, es, est, etf, eth, europe, eurusd, feedback, financial markets, fisher, forecasting, funding, futures, goldman, goldman sachs, gomi, gommp, hg, imbalance, indicator, infinity, information, institutional, instrument, jigsaw, john grady, journal, jp morgan, jpmorgan, ladder, limit, list, living, london, loss, mac, margin, metatrader, micro, morgan stanley, nanex, natural gas, new york, newbie, news, ninja, nuclear, nymex, oil futures, oil trading, open interest, opening range high, optimization, options, orders, pairs, paper, paper trading, people, peter davies, pivots, platform, portfolio, precision, profit target, profitable, quandl, quant, quantify, quantitative, quotes, repeating, reportable, research, resistance, risk to reward, rollover, rulebook, sample, scan, science, search, short, sierra, size, soap, sp, split, spread, spreads, squeeze, standing, statistics, stc, stocks, strength, supply and demand, support, swing, switch, systems, tastytrade, technology, templates, tick, top, traded, tradestation indicators, trading, training, trial, value area, vix, volatility, volume, vote, vpoc, vwap, zerohedge

All times are GMT -4. The time now is 12:29 AM. (this page content is cached, log in for real-time version)

Copyright © 2019 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432 WhatsApp Business,
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 2019-05-20 in 0.18 seconds with 15 queries on phoenix