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CL trading times inventories impact markets
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CL trading times inventories impact markets

  #11 (permalink)
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tony2604 View Post
The question is: a.) US$ follows CL or b.) CL reacts to US$? I mean a.) as CL is not only used in US but also in China, Japan. You watch EUR/JPY and compare with CL? EUR/JPY is highly influenced by CL price.

Yo!

I would be very wary of working under the principal that "if this goes up then that must be going down" or whatever. Inter (and intra) market relationships change depending on the circumstances - nothing lasts forever dude!

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  #12 (permalink)
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what news calendar are you watching when trading CL?

so far i solely traded currencies and was using the calendar from fx factory...

so what calendar should someone use when trading CL?

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ikeaboy View Post
what news calendar are you watching when trading CL?

so far i solely traded currencies and was using the calendar from fx factory...

so what calendar should someone use when trading CL?


I use ForexFactory as well. Pretty complete. I prefer it to Econoday. The indicator below also connects to the ForexFactory feed.

View Download Details - Big Mike's Day Trading Forum

https://futures.io/free_downloads/ninjatrader-7/indicators/366-download.html?view

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however fx factory doesnt have oil and energy related announcements?!

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ikeaboy View Post
however fx factory doesnt have oil and energy related announcements?!

They do have the crude oil inventories on Wednesday 10:30 AM. As far as I know this the only figure that really matters.

Otherwise there is a number of other resources, which are not entirely free of charge...

.. such as the Schork Report and the Kase Commentary

Attached Thumbnails
CL trading times inventories impact markets-schorkreport_trial.pdf   CL trading times inventories impact markets-kase-commentary-sample.pdf   CL trading times inventories impact markets-energy_2010_calendar.pdf  
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  #16 (permalink)
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YoYoYo!!!

energy isn't really a market that I trade my friend, but I at least know that two websites that are "serious"are "platts" and "sparkspread" (blah blah dot com whatever). also I think it's important to keep an eye on tanker rates, as thats the only place you can really store oil if you wanna trade the contango and stuff.

Obviously crack spread, but all I know is basically 3-2-1.

Just my 2 cents, as I said energy isn't really my bag.

Peace

CPI

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cpi65 View Post
YoYoYo!!!

energy isn't really a market that I trade my friend, but I at least know that two websites that are "serious"are "platts" and "sparkspread" (blah blah dot com whatever). also I think it's important to keep an eye on tanker rates, as thats the only place you can really store oil if you wanna trade the contango and stuff.

Obviously crack spread, but all I know is basically 3-2-1.

Just my 2 cents, as I said energy isn't really my bag.

Peace

CPI

Agree. Platts covers the European Cash Markets. So if you really trade crude you may want to have a look at PCCH (Platts Cargo CIF High) before the session. However the cash market does not have a continuous quote similar to the futures markets. I think prices are collected by Platt's from a panel of market participiants and published daily. Many cash transactions are done EFP (exchange for physical), which means that the buyer of the oil products swaps his long futures position for a physical position, whereas the seller receives a long futures position. The physical transaction would typically executed at a premium to the Platts quotation.

For crackspreads you would need to monitor refining margins. I am not into this either.

Found a sample report - Platts European Market Scan - on the web (attached).

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CL trading times inventories impact markets-euromktscan.pdf  
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Any of you guys trading emmissions?

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Fat Tails View Post
They do have the crude oil inventories on Wednesday 10:30 AM. As far as I know this the only figure that really matters.

Otherwise there is a number of other resources, which are not entirely free of charge...

.. such as the Schork Report and the Kase Commentary


i dont really care about fundamentals... i just dont wanna get caught on the wrong foot when important announcements come out...

so what calendar covers the main announcements? btw, i couldnt find the "crude oil inventories" in the econoday calendar!?!

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ikeaboy View Post
i couldnt find the "crude oil inventories" in the econoday calendar!?!

It is called EIA Petroleum Status Report.

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