CL Redux

Not yet but I'm hopeful there will be another slight pullback before it drops in earnest.

My entries haven't been all that good so the last thing I want to do is chase the damn thing. :)
 
I have a question for you folks. First, how many of you actively trade the AH session? Second, do you use RTH or Globex chart while trading during the day? I'm using the Globex chart but it doesn't seem like Support/Resistance levels in the AH hold much weight in the RTH session.
 
Well, I've been extremely lucky. However, CL is not my area of specialty. Although I dabbled in and out of CL for the last 10 years, I've never really traded this instrument for any significant length of time. Of course, I plan to change all that since I dumped ES.

Ironically, ES and CL move in lockstep these days, so I'm essentially trading the same crap, different only in name. But the market dynamics are different for the two markets and that makes it more challenging.
 
As long as the equities are rallying, there ain't a whole lot you can do about CL in my opinion.

Other than the inventory at 10:30, I see no other catalyst to move this market down.
 
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