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The CL Crude-analysis Thread


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The CL Crude-analysis Thread

  #1161 (permalink)
xylem
LONDON UK
 
Posts: 60 since Nov 2014
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THis week has been tricky imo.
Anybody else?

So far im down 15 ticks and have only made a few mistakes.
For example Tuesday was a good downtrend day. But it was so choppy and the orderflow wasnt easy to capitalise on for me, even though I had a short bias and took shorts I couldnt get a good impulse going on my entries and so cut my size on winners faster than I shouldve done.

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  #1162 (permalink)
 ron99 
Cleveland, OH
 
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  #1163 (permalink)
 ron99 
Cleveland, OH
 
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John Kemp's suggestions of who to follow on Twitter for oil news.

https://fingfx.thomsonreuters.com/2015/07/03/1259015c1f.pdf

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  #1164 (permalink)
 
madLyfe's Avatar
 madLyfe 
Des Moines, Iowa
 
Experience: None
Platform: Ninja, TOS
Broker: AMP/CQG, TOS
Trading: CL, TF, GC
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can someone post non NT ETH/RTH daily chart of CL to show the back adjustment from the first of the year? NT looks like we are in the middle of the Feb range and TOS shows us not even close to the Feb highs..





SC RTH and ETH:





the two above charts are volume rolled in SC. the chart below is date rolled which is closer to what NT shows:



here is T4:



im just wondering what the 'truth' is.. the CME website now uses tradingview for charting and they still have the old charts for RTH which show them more like NT where we are in the middle of the Feb range.

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

¯\_(ツ)_/¯

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  #1165 (permalink)
 
Hulk's Avatar
 Hulk 
Texas, USA
 
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madLyfe View Post
can someone post non NT ETH/RTH daily chart of CL to show the back adjustment from the first of the year? NT looks like we are in the middle of the Feb range and TOS shows us not even close to the Feb highs..

NT looks to be correct. The back adjusted (volume based rollover) contract puts the highs made in Feb to be around 59.40-59.70. I have 2/3 high at 59.68, 2/9 high at 59.43 and 2/17 high at 59.59. The monthly low was on 2/2 at 52.11.

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  #1166 (permalink)
stockgoblin
Canaduh
 
Posts: 22 since Aug 2011
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Hey,

Does anyone have a list of the volume rollover dates for CL?

Any information is appreciated.

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  #1167 (permalink)
 
madLyfe's Avatar
 madLyfe 
Des Moines, Iowa
 
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stockgoblin View Post
Hey,

Does anyone have a list of the volume rollover dates for CL?

Any information is appreciated.

there are no dates that i know of. volume just rolls over when there is more volume on the next contract than the current one. the actual roll dates are probably the closest thing you will get to a date for prediction.

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

¯\_(ツ)_/¯

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  #1168 (permalink)
stockgoblin
Canaduh
 
Posts: 22 since Aug 2011
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madLyfe View Post
there are no dates that i know of. volume just rolls over when there is more volume on the next contract than the current one. the actual roll dates are probably the closest thing you will get to a date for prediction.

No, sorry, I'm slicing together a Cl continuous contract and I was wondering if anyone had a list of past dates for when contract rollover was, based upon volume.

I'm interested in finding or making a list of dates where there was more volume on the next contract than the previous one. (volume based rollover)

ex)

June 17/2015
May 14/2015
April 16/2015
etc...

thanks

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  #1169 (permalink)
 
madLyfe's Avatar
 madLyfe 
Des Moines, Iowa
 
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stockgoblin View Post
No, sorry, I'm slicing together a Cl continuous contract and I was wondering if anyone had a list of past dates for when contract rollover was, based upon volume.

ex)

June 17/2015
May 14/2015
April 16/2015
etc...

thanks

ah sorry. i know some platforms you can roll contracts specifically on volume so maybe you can have it print on a chart when that happened in the past. im not sure.

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

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  #1170 (permalink)
stockgoblin
Canaduh
 
Posts: 22 since Aug 2011
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Alright,

I got the seperate CL contract data from CME and pasted together a continuous contract chart (non-adjusted) using Open Interest as the day to switch to the new contract. Volume just doesn't cut it as it signifies a switch only 2 days before expiry whereas Open Interest signifies a switch about 9 days before expiry. It looks nice and possibly could be used by big money.

It's telling me the recent plunge (current: $55.52 7/3/2015) will hopefully bounce next week off a line at:

Monday: $53.43
or
Tuesday: $53.32
or
Wednesday: $53.21
or
Thursday: $53.10
or
Friday: $52.99

Let's see what happens!

I don't have access to futures so I trade Oil ETFs like UWTI and DWTI with extended hour access.

Good luck.

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