CL Redux

[schizo]

Quote from schizo:

Blackout here as well.

Anyone have the info for limit down?

Futures: Initial limits of $3.00 per barrel are in place in all but the first two months and rise to $6.00 per barrel if the previous day's settlement price in any back month is at the $3.00 limit. In the event of a $7.50 per barrel move in either of the first two contract months, limits on all months become $7.50 per barrel from the limit in place in the direction of the move following a one-hour trading halt.

(Source: http://www.wtrg.com/daily/crudeoilprice.html)

 

[EON Kid]

Quote from schizo:

Blackout here as well.

Anyone have the info for limit down?

OK back, $10 max daily move



Nice trade dude

 

[schizo]

Out 83.20

Quote from schizo:

Long 82.60

SL 82.40

 

[EON Kid]

CME Globex crude - some customers reporting order routing and market data issues

 

[schizo]

Quote from EON Kid:

OK back, $10 max daily move



Nice trade dude

Thanks, I think I'll call off the day early today. I mopped this sucka up pretty well today.

I'll get back to my usual trade calls come next week. Haven't been feeling very well all this week.

 

[schizo]

Quote from EON Kid:

CME Globex crude - some customers reporting order routing and market data issues

So was the circuit breaker triggered? If what you say is correct, then this is just a glitch, but this seems damn abnormal. The cynic inside me is rearing its ugly head.

 

[HuggieBear]

Darn Darn Darn (fixed)




Failure to execute a trade just cost me 1k directly and 15k in missed opportunity.



wtf

 

[HuggieBear]

Is anyone experiencing this problem who isn't using MB Trading?

 

[brocklanders]

Quote from EON Kid:

OK back, $10 max daily move



Nice trade dude

Not exactly, it is a $10 max move but the limit resets after 5 minutes of a cool off period. It then opens back up and a new limit is placed on it after that and so forth. I've seen it limit up and do this back in june 2008 and it traded for more than the $10 price limit in a single session.

"(2) Expansion of Limits Following Temporary Trading Halt. Following the end of the 5-minute Temporary Trading Halt, the affected markets shall re-open
© Copyright 2009 New York Mercantile Exchange, Inc. All rights reserved Page 2 of 13
simultaneously in all contract months of these futures contracts. When trading resumes, price fluctuation limits for each contract month shall be expanded an additional increment of the price fluctuation limits, above and below the previous day's settlement price for each contract month in the affected contracts on Globex and on the trading floor (as applicable)."

 

[schizo]

Quote from HuggieBear:

FUCK FUCK FUCK




Failure to execute a trade just cost me 1k directly and 15k in missed opportunity.



wtf

Ya should have taken my advice yesterday and just shorted this damn thing.

But don't worry. If my broken crystal ball is of any use, it sez there's more to come next week.

BTW please refrain from using profanities. Thanks.