CL Redux

Quote from EON Kid:

What's so bearish about the euro, daily is on a strong uptrend HH, HL etc and today it has not even broken yesterdays LOD, in fact 12:30 was a nice pullback
More...

True, I was about to take it back, but was busy seeing my long euro from 1.2595 (added 1.2611 + added 1.2616) pay for another installment of my SIM Ferrari (didn't take the trade live because I don't like trading the euro after London's close, plus the Spain-Germany semifinal is in a little while, so I thought volume would be shitty).

Coulda, woulda, shoulda :D
 
OVX is the volatility index for crude oil. I think its a good monitoring tool.

I'm thinking of trading CL options as a way to trade volatility and longer term moves.
 
Quote from mrbochin23:

This report was bearish. We got a dent on Oil inventory, but Gasoline rose. That's what matter.
More...

I'd say the report was moderately bullish:

Crude: -4.9 vs. -2.0 expected (tighter supply than expected by -2.9)
Gasoline: +1.2 vs. 0.1 expected (more ample supply by +1.1)
Distillates: +0.3 vs. +1.6 expected (tighter supply by -1.3)

In all -3.1 tighter.

I think oil is dropping because a) it was a bit high and b) ES is tanking

OK, now it's a whole new ball game.
 
Quote from Picaso:

I'd say the report was moderately bullish:

Crude: -4.9 vs. -2.0 expected (tighter supply than expected by -2.9)
Gasoline: +1.2 vs. 0.1 expected (more ample supply by +1.1)
Distillates: +0.3 vs. +1.6 expected (tighter supply by -1.3)

In all -3.1 tighter.

I think oil is dropping because a) it was a bit high and b) ES is tanking

OK, now it's a whole new ball game.
More...

You have to remember that the market factored in the api#'s last night 7470 is support now. If broken will probably close flat on the day
 
You must log in or register to reply here.
Back
Top