Will Fed affect the CL, do you trade it?

June 19th, 2012, 11:42 PM

Just wondering if anyone has ever experienced Fed day on the CL. What it was like, if goofy or tradable?

June 20th, 2012, 12:12 AM

The Fed, IF it makes a move, can effect the US dollar and that in turn can have a big effect on CL, so be careful.. (strong US dollar usually means weak CL )

June 21st, 2012, 01:34 PM

I turn my strategies off about 30 min before Fed announcement and leave off for about 30 min after. If I am in a position before that window I will exit. Can get wild gyrations at times depending on what they say. Crude is fast on a slow day. Add in any kind of fuel and it can get dangerous. My main worry is stop getting jumped by a large amount. The only other time I turn off is when the crude weekly inventory report comes out.

Will Fed affect the CL, do you trade it?

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Will Fed affect the CL, do you trade it?