The CL Crude-analysis Thread - futures io
futures io



The CL Crude-analysis Thread


Discussion in Commodities

Updated
      Top Posters
    1. looks_one SMCJB with 610 posts (1,160 thanks)
    2. looks_two mfbreakout with 303 posts (479 thanks)
    3. looks_3 WilleeMac with 275 posts (218 thanks)
    4. looks_4 ron99 with 165 posts (262 thanks)
      Best Posters
    1. looks_one SMCJB with 1.9 thanks per post
    2. looks_two mfbreakout with 1.6 thanks per post
    3. looks_3 ron99 with 1.6 thanks per post
    4. looks_4 WilleeMac with 0.8 thanks per post
    1. trending_up 417,463 views
    2. thumb_up 3,372 thanks given
    3. group 274 followers
    1. forum 2,540 posts
    2. attach_file 621 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
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

(If you already have an account, login at the top of the page)

 
Search this Thread
 

The CL Crude-analysis Thread

(login for full post details)
  #1 (permalink)
 tturner86 
Portland, Oregon
 
Experience: Intermediate
Platform: F-16CM-50
Trading: GBU-39
 
tturner86's Avatar
 
Posts: 6,176 since Sep 2013
Thanks: 10,457 given, 12,634 received

Since I was on the ignore list for IT7 I can't post to the thread he started. So I figured I would start a new thread to discuss CL.

I have been observing it and will start to take some trades in it.

This is open to everyone. Please feel free to post ideas and trades.

Visit my futures io Trade Journal Started this thread Reply With Quote
The following 16 users say Thank You to tturner86 for this post:

Can you help answer these questions
from other members on futures io?
TOS plotting horizontal line for open in renko chart
ThinkOrSwim
Tradestation 10 work offline
TradeStation
RangeRider for NT8 V10
The Elite Circle
Simple code to end my indicator
NinjaTrader
Alternative to Mcginley Dynamic MA
Sierra Chart
 
Best Threads (Most Thanked)
in the last 7 days on futures io
Vinny E-Mini & Algobox Review TRADE ROOM
271 thanks
Would you share your Holy Grail?
65 thanks
EURUSD M6E/6E Euro
58 thanks
Spoo-nalysis ES e-mini futures S&P 500
47 thanks
TST/OneUp/LeeLoo/Earn2Trade
16 thanks
 
(login for full post details)
  #3 (permalink)
 tturner86 
Portland, Oregon
 
Experience: Intermediate
Platform: F-16CM-50
Trading: GBU-39
 
tturner86's Avatar
 
Posts: 6,176 since Sep 2013
Thanks: 10,457 given, 12,634 received


Saudi Arabia's Political Play In Oil - Business Insider

Visit my futures io Trade Journal Started this thread Reply With Quote
The following 4 users say Thank You to tturner86 for this post:
 
(login for full post details)
  #4 (permalink)
 lemons 
Tallinn, Estonia
 
Experience: Beginner
Platform: SC
Trading: NAS100
 
lemons's Avatar
 
Posts: 943 since Nov 2010
Thanks: 1,826 given, 2,264 received


Reply With Quote
The following 5 users say Thank You to lemons for this post:
 
(login for full post details)
  #5 (permalink)
 trendisyourfriend 
Legendary Market Wizard
Quebec
 
Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker: AMP/CQG
Trading: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 4,124 since Oct 2009
Thanks: 3,796 given, 5,352 received

Did look at the CL using my good old metatrader platform. Different than NT profiles but gives a good enough picture of the landscape.

There was an excellent short at a level of supply on the weekly chart (30 min.) corresponding to the monthly VAL. So we are back around the weekly open with a series of HH HL pointing up but within the value area on the weekly chart but out of balance on the monthly. Would be interesting to see price returning within the monthly value area to activate the bulls in us all. However, there is no hurry to take every change of direction. Wait for a good short area as it is the path of least resistance.


Reply With Quote
The following 4 users say Thank You to trendisyourfriend for this post:
 
(login for full post details)
  #6 (permalink)
 lemons 
Tallinn, Estonia
 
Experience: Beginner
Platform: SC
Trading: NAS100
 
lemons's Avatar
 
Posts: 943 since Nov 2010
Thanks: 1,826 given, 2,264 received

Looking bounce of at PP

Reply With Quote
The following 2 users say Thank You to lemons for this post:
 
(login for full post details)
  #7 (permalink)
 tturner86 
Portland, Oregon
 
Experience: Intermediate
Platform: F-16CM-50
Trading: GBU-39
 
tturner86's Avatar
 
Posts: 6,176 since Sep 2013
Thanks: 10,457 given, 12,634 received

Is The 'Oil Glut' A Myth? | Seeking Alpha

Visit my futures io Trade Journal Started this thread Reply With Quote
The following user says Thank You to tturner86 for this post:
 
(login for full post details)
  #8 (permalink)
 SMCJB 
Legendary Market Wizard
Houston, TX
 
Experience: Advanced
Platform: Trading Technologies
Broker: Primary Advantage Futures. Also ED&F and Tradestation
Trading: Primarily Energy but also a little GE, GC, SI & Bitcoin
 
Posts: 4,323 since Dec 2013
Thanks: 3,644 given, 8,676 received



I agree "Oil Glut" is probably an over dramatization. The big difference between now and 2009 that he references is that in 2009 we saw temporary demand destruction and people were expecting demand to come back, one reason long dated prices were significantly higher than spot. Today people do not expect a significant shift in supply/demand over the next year, hence why they long dated curve has plummeted as well and we do not see the contango that we did in 2009.

Reply With Quote
The following user says Thank You to SMCJB for this post:
 
(login for full post details)
  #9 (permalink)
 trendisyourfriend 
Legendary Market Wizard
Quebec
 
Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker: AMP/CQG
Trading: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 4,124 since Oct 2009
Thanks: 3,796 given, 5,352 received

There were two opportunities to the upside. One at 6:00am EST and another at 8:00am EST after a bounce from the value area low (weekly) and a higher high price did pullback to a micro level of support twice.


Reply With Quote
The following 2 users say Thank You to trendisyourfriend for this post:
 
(login for full post details)
  #10 (permalink)
 TheShrike 
Bridgeport, Ct
 
Experience: None
Broker: Tasty
Trading: STONKS
 
TheShrike's Avatar
 
Posts: 533 since Jun 2012
Thanks: 1,583 given, 914 received


I'll be watching to see what happens at 59. Could go up, could go down, could not even get there, but that's where I'm looking to make my next decision.

Reply With Quote
The following user says Thank You to TheShrike for this post:


futures io Trading Community Traders Hideout Commodities > The CL Crude-analysis Thread


Last Updated on October 5, 2021


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), info@futures.io
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