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Crude oil Position/Swing Trading in Low Volatile price Environment
This is old NOV 27 post, I could not add 1 min. volume spike chart at that time, as I can not add the attachment now ( too old , no attach button ), I am posting it here with Chart ..
Following is an interesting observation I noticed today.
1/ 90 minutes before PIT open, at 7:30 EST a High Volume Sell Off Bar ( 2700 contracts) is 10 X greater than
the typical 7:30 EST(4:30 PST) 1-minute Volume
2/ Some big fund sat …
2700 contract 1-minute Sell Off bar at 7:30 am EST
Following is an interesting observation I noticed today.
1/ 90 minutes before PIT open, at 7:30 EST a High Volume Sell Off Bar ( 2700 contracts) is 10 X greater than
the typical 7:30 EST(4:30 PST) 1-minute Volume
2/ Some big fund sat down early morning to Liquidate Huge Long Position 7:30 am EST
3/ I noticed this observation only after PIT Open, but this gave me bias that It will be very hard to have big reversal beyond 92.50 even with 3 MM crude build ( little smaller than API number 6 MM )
some issue with Chart attachment , I will do the same later ..
