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Fundamentals historically obviously play a big part.... tightness in the physical cargo / barge markets, refinery shut downs etc etc. Suprisingly whilst having an effect on the term structure these have been having less and less of an effect effect on the flat price, or if they have it's gone...

Trading ICE options is possible but probably need to use a voice broker for those. Pretty sure ICE tried putting options on the screen a few years back, but it didn't really take off.

Thanks for such kind words mr bear! Back on topic, what's your view on the original poster's question?

That's a fair point, and taken. It is definitely in the eye of the beholder, and I guess that's what makes a market! I'm just not comfortable with the idea of trading off a minute chart, but that doesn't mean it can't work for someone. I just prefer higher timeframes as I believe the higher up...

only because I believe any pattern you are seeing is merely coincidental. There is so much volatility. A major could come in and buy 100 lots to hedge something on the physical side and move the price 10 cents trying to get it done. That might appear to mean something on a 1 min chart but really...

Hey. If it ticks past your limit then you get filled. That's how it works. If your order is working at the exchange you will get filled. Not sure what broker you are using! Depends on your strategy and obviously i don't know it, but personally given the volatility in oil traded off a 1 min...

Hi there. I think it depends on your data provider. I'm not sure about Bloomberg, especially if you're not paying anything to see the prices. If you are just looking at prices then it will be the live price (delayed by say 15mins in some 'free' cases). I use CQG for charting and they...

Just looked at that site. Are you refering to "12/31" under the 'time' column, as that's refering to the date the market was last open, i.e. New Years Eve? Not sure where you're seeing a price at noon?

Hi, I look at CL spreads, Brent and GO spreads - on ICE.

Hi all, Sorry to wade in! I'd agree spreads are a profitable way to trade. But 'Increasenow', on reading this thread I would have to say I am in 'l2tradr' camp. Demo trading to test how the spreads perform is a great idea. However, in order to assess how the spread performs, surely...

True! I guess there doesn't!! Just never been asked that question before!:) Always just moved over when the volume is more in the second month. Not on any particular date.

I read it that he's asking whether there's a specific date when people start to actively start trading the second month rather than the prompt month, not when the contract expires. Personally I don't always do it at a specific date. I start paying attention about two weeks prior to expiry...

True! But boy you either need to be a nutter or have very large balls!! It is good to hear a true story though, you're right. Everyone learns from it and that's the point!

Ok. Apologies. I took "Oil contract" and a subject matter of "oil futures nymex" to mean crude futures. Silly assumption on my part obviously. Cn't help you with oil stocks I'm afraid. Right, lets get on, be constructive, and try and discuss your question rather than argue. That said, I...

The worst thing that can happen?? You get a load of oil turning up at your house because you miss the expiry!!! or the flip side, you have to pay through the nose for some physical, because you don't actually own any oil that you need to deliver!! With the greatest respect, please don't trade...

Is this some kind of joke post? Sorry, but some things never cease to amaze me!! I don't like being mean and love to share ideas and help others, and of course seek help from others myself - but what you did was suicide. Plain and simple!! Why does everyone insist on trading oil!? I...

To the original poster. It's good to see you're keen to get into new trading vehicles other than stocks, but I really don't think your introduction into trading futures should be in oil, or any other commodity for that matter!!!! I think people are giving you a hard time because of that...

Hi, It's not the ICE you need to be contacting. You need to speak with an executing / clearing member firm, like Marex or Barclays for example. They will then set you up with either Direct Market Access and you will be able to trade under the member firm's umbrella with your own trader...

You don't sound stupid at all. At least you've put some thought into it. Just be aware that contango eats away every time you roll. Backwardation on the other hand is a god send for people who have gone long the front and want to keep rolling at expiry. Of course, the price includes the...

Smart arse! :-)