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Keep in mind, that we might have those numbers price in already. For the ones that like to trade before 10:30 report, I will suggest to wait at least 15 min after 10:30, to see how the market react. Usually it takes a bounce to the opposite direction after 15 min.

Out at 74.25, -0.15 :(

Long at 74.40. Target 74.80. stop 74.25

I agree, I am waiting fro the 30 min bar to close above 74.40, it might be too late for a long entry point for me, but that will confirm my bullish signal. My strategy is if close the 30 min bar above 74.40, in the next I try to buy at 74.40.

We are holding under the yesterday Value Are low, (74.40), if it does not close above by 10:30, it could be a bearish signal.

You are welcome, hope it helps.

For the ones that are interest it, yesterdays Value Area for CL today VAH=74.80 VAL=74.40 So far we having some resistance at the VAL.

From market profile perspective, the market is in balance, which means, we possibly are changing trends from Bullish to bearish tomorrow, Value Are developing today is smaller and lower than Fridays, which suggest we are having a consolidation to break lower then.

We are getting the same entry and exits, my stop was 74.50, for my short entry, my entry point for buying is 74.72 :). Hopefully it works out.

I am going to be posting my numbers in Market Profile here, and there. I hope they will be helpful. Value Area from Friday is wide (75.45-73.31) which suggest we might be in balance today inside those values. I am personally looking for Opening Range Breakout on the downside at 74.28...

keep in mind that major currencies are losing value today against the dollar, specially the Yen after that meeting yesterday in Japan, (bringing more "liquidity to the market), and the euro is down today against the dollar. I could be wrong, but I am looking for short today, hopefully it could...

73.25 was yesterday Value Area Low. The rule is if we enter yesterday VAL, and close in the 30 min bar in the VAlue Area, and the once the next open in the Value Area, is a 80% chance that it will hit the other side of yesterday Value Area, in this case Value Area High which was 73.70. I am...

The worse part about this is that I didn't take the trade, didn't have the time :S urghhhhhhhhhhhhhhhhhh!!!!!!!!!!!!!!!!!!!!!!

For the ones that like probabilities, if by 30 (10:30-11 AM) min bar we are above 73.25 is 80% chance that we will reach 73.75. Market Profile strategy base on Value Area.

Picaso, Something I learn from one of my best friend (former NYMEX floor trader) and from Mark Fisher arguable the best Crude Oil trader in the NYMEX, is that we shouldn't pay too much attention to OPEC, why?......because the OPEC first is not what used to be, and also because they cheat, they...

Probably, but we will break lower soon or later today. This is very bearish.......all the numbers where bearish on the EIA, we are in the highest supply level in many, many years, and Gasoline supply was up too, refinery utilization down......is the perfect storm for Oil to tank today. I am...

My put option with strike to $60, look much better now:D . I have as the last support at 70.35, if we break through it......se you at least at $65.

Ok. I have to call IB then. Thanks

The NYMEX change the Initial Margin requirment for CL today?.

Do you know of a good book that talks about the season implications of CL spreads, such as when historically speaking Contango tend to shrink, and when tends to expand. Thanks.