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The CL Crude-analysis Thread
Started:December 17th, 2014 (02:33 PM) by tturner86 Views / Replies:125,131 / 1,753
Last Reply:48 Minutes Ago (02:57 PM) Attachments:450

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The CL Crude-analysis Thread

Old March 5th, 2015, 11:58 AM   #611 (permalink)
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Added to longs 51.15 and will add above 51.80 area if new buying comes in. Will keep scaling in between. I am in no mode like Tuesday where i had 40 ticks gains but i kept adding and ended up with 13k loss.

NOTE: Need to go above 51.80 by 40 ticks ( more the better) and then add to longs on pullbacks. Otherwise no add for me.


Out some 51.82 and flat 51.76. Gave enough time for a breakout above Opening Range High (ORH).



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Old March 5th, 2015, 11:59 AM   #612 (permalink)
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As @Big Mike (all due respect) has put forth

Draw a line on a chart, what will Lucy do?

I put forth VSA (price action) , Time, 50% re-trace and Whole numbers (for you sir, @Cashish)

Ride safe and keep the rubber side down

-Bill


Last edited by WilleeMac; March 5th, 2015 at 12:01 PM. Reason: sp, clarify
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Old March 5th, 2015, 12:10 PM   #613 (permalink)
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Pink Floyd visits VSA and Whole numbers (vice A versa)

Cyan bars - Spike up, volume and standard deviation relative to 89 period look back
Magenta - Spike down, see above
Blue - Churn, see above
Yellow - Low volume, see above
Gray - Not much shake'n
Dark Gray Lines - Whole, half, quarter numbers
Colored dots/ squares - TIME
50% is 50%

How do you interpret?

Screen time, is it IN a LONG or a SHORT?

Pick a side, only God knows what will happen

-Bill


Last edited by WilleeMac; March 5th, 2015 at 12:14 PM. Reason: sp, clarify
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Old March 5th, 2015, 12:13 PM   #614 (permalink)
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Out some 51.82 and flat 51.76. Gave enough time for a breakout above Opening Range High (ORH).

Yeah was long around 51.10 area targeting ORH area. Couldn't hold it too long. Didn't like 30 min and 60 min bars.
Nice work holding

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Old March 5th, 2015, 12:26 PM   #615 (permalink)
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Futures Edge on FIO

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What do you do, go long or go short?

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EDIT

I would be watching the spike down bar at 1000amET

EDIT2

Above comment

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Last edited by WilleeMac; March 5th, 2015 at 12:39 PM.
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Old March 5th, 2015, 01:20 PM   #616 (permalink)
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Nice flush down at ORL for longs. Not so ideal Flush ups for shorts but $ strong, so i took it.

Ideal Flush Ups or downs?= When selling is so intense that i get jolted, looks like CL is ready to go down another 200 ticks ( in case of flush down) and then reversal. That's the time to put some size on. I always take the short and when it reverses i go long. An example will be yesterday selling after DOE report. I was short and when that did not pan out after 1 hour, i went long at 50.70 area. I buy Reds and sell Greens.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
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Old March 5th, 2015, 01:44 PM   #617 (permalink)
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N I buy Reds and sell Greens.


Dig it

-Bill

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Old March 5th, 2015, 01:45 PM   #618 (permalink)
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New LOOP storage futures contract

Any physical traders out there? What are your thoughts about this new contract?

CHICAGO, March 4, 2015 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, LOOP LLC, operator of the largest privately-owned crude oil terminal in the U.S., and NEO Markets, Inc., a leading online marketplace for U.S. physical oil transactions, today announced they had reached a definitive agreement to develop the first-ever physically delivered crude oil storage futures contract. The new LOOP Crude Oil Storage futures contract will begin trading on Sunday, March 29, 2015, for trade date Monday, March 30, 2015, pending all relevant CFTC regulatory review periods.

This new contract will provide market participants with an innovative, exchange-traded futures contract based on crude oil storage capacity at LOOP's Clovelly Hub in Louisiana, beginning with the May 2015 contract month. Each futures contract will represent the right to store 1,000 barrels of crude oil at the hub for a specific calendar month.

The new storage contract is expected to enhance the liquidity of the existing NYMEX Gulf Coast Sour Crude Oil futures contract, which is physically deliverable at LOOP and will be renamed LOOP Gulf Coast Sour Crude Oil futures. As part of the agreement, CME Group will also broaden the specifications of this sour crude futures contract to include Poseidon, Mars and LOOP Seg 17.

"As global crude oil supply and demand dynamics continue to shift, CME Group remains focused on meeting the risk management needs of our energy customers," said Martin Fraenkel, Managing Director, Global Head of Energy Products, CME Group. "We believe this innovative new solution will help customers manage their physical crude storage price risk, while enhancing price discovery and access to short-term storage capacity along the U.S. Gulf Coast."

"We are pleased to be providing the physical storage capability for this ground-breaking new storage futures contract," said Tom Shaw, President, LOOP LLC. "LOOP's reliability record, unparalleled market connectivity, extensive supply of medium sour crude and significant storage capacity provide the market a unique storage opportunity on the Gulf Coast."

"Together with CME Group and LOOP, we are bringing to market the first-ever storage capacity futures for crude oil," said J. Robert Collins, Jr., Co-CEO and President, NEO Markets, Inc. "By offering storage rights to a broader market through these new futures contracts, we expect to provide greater transparency, ease of access, liquidity, flexibility and security of supply for companies dependent on Gulf Coast oil deliverability."

NEO Markets will be hosting monthly auctions of physical LOOP Sour crude oil storage contracts on its NEO Trader platform. Following the auctions, subsequent over-the-counter transactions can be negotiated via the NEO Trader platform and NEO's voice broker services.

Both contracts will be available for trading electronically via CME Globex as well as submission for clearing through CME ClearPort, and will be listed by and subject to the rules of NYMEX.

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Old March 5th, 2015, 01:53 PM   #619 (permalink)
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Here's how she shaked out (nice probe at the half-hour/ close.)

Every once in a while, yes

-Bill_M

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EDIT

That should serve as a marker bar in the future, how long into the future ,,,,,, (?)

No different than any other time mark - price action, esp EOD (pit close for them.) Why? London and Frankfurt are slamming Happy Hour


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Old March 5th, 2015, 02:45 PM   #620 (permalink)
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Nice flush down at ORL for longs. Not so ideal Flush ups for shorts but $ strong, so i took it.

Ideal Flush Ups or downs?= When selling is so intense that i get jolted, looks like CL is ready to go down another 200 ticks ( in case of flush down) and then reversal. That's the time to put some size on. I always take the short and when it reverses i go long. An example will be yesterday selling after DOE report. I was short and when that did not pan out after 1 hour, i went long at 50.70 area. I buy Reds and sell Greens.


Who wants to Swing trade CL? No Flush down yet to try longs. Short 51.16.



My posts are not meant to give financial advice neither do they imply that my method is special. "THIS IS WHAT I COULD BE IF I HAD A TOTALLY CARE FREE STATE OF MIND DURING TRADING" Mark Douglas.
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