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For one you can model spread price action over time - and you can apply statistical and technical analysis tools. That’s the first place to start.

October '19 last print: $62.15.

Crude Oil is thus far shrugging off the down day in the equity markets with a modestly up day. More strength in the front end of the curve.

I’ve been at this a very long time, and it’s not realistic to even contemplate any sort of BS notion about placing a Stop “where people can’t find it”. Let’s be generous and say that you are going to have the great fortune to have an intraday trading strategy with a 65% W/L ratio. Obviously...

First it would be paramount to learn about your trading timeframes in order to best answer your question. Are you trading intraday or longer time frames ? Are you scalping or swing trading ? What data sampling rate are you using ? ( tic data, 1 minute, 5 minute, Daily, Weekly ... ? ) Are you...

Firmly in the $61 handle through most of the curve.

Not in the US with regulated futures contracts - exchange registered US futures prop firms are NOT allowed to risk employee (the trader) capital.

Don’t fade it without a strong reversal already signaled - these kinds of spreads are freight trains.

Strength is in the front end of the curve today thus far - which is the Demand structure of the curve.

You have an exceedingly short memory, or at the very least are no student of history - especially the ‘70’s.

Fake news plant. Oil from the Mid East is graded as “SOUR” - in other words, it has a high sulphur content, has a slower catylitic Crack throughput, and therefore trades at a discount to North American and North Sea Brent grades.

Crude is uncommonly strong today throughout the curve - much more pronounced than the more modest equities rally.

For those looking for some simplistic clarification: look at the short term US Treasury Note yields and compare them to the Ten Year Note yield. Short term paper with that kind of juice usually - but not always, augers towards recession.

Bitcoin is dead at present in terms of exchange turnover and volume.

Apparently the market at present doesn’t appear terribly concerned about Wave Counts and Fibonacci - it’s much more concerned with the broad equity markets and global demand.

Yeah, right - tell it to PAAD 3 and the House of Saud. :rolleyes:

Elder’s sizing plan is a very wise one. Getting from SPY to ES is the wrong mindset IMO - you’re asking the best route from Paris to Lisbon whilst ignoring your mode of transport. Finding consistency is your only concern. And it’s a much bigger and more immediate challenge for you than...

Last print October 2019: $61.00

Careful what you wish for - the law of unintended consequences is in play here for the EU as well as Great Britain.

If you’re playing Crude Oil you’re playing the stock market.