CL Redux

Quote from EON Kid:

GM


EIA Petroleum Status Report
11:00 AM ET
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Analysts polled by Platts expect a 1.5 million-barrel increase in crude-oil supplies for last week. They also forecast a decline of 400,000 barrels for distillate inventories and no change in gasoline supplies.
 
Quote from roreilly:

CL routinely takes off with nary a pullback. This makes it hard to find the typical pullback setup. Between about 8:30 and 10:30 am eastern time, CL tends to have momentum swings. I use a .15 (tick) stop, and a .29 (tick) target. After missing out on too many huge moves, I stopped scalping and started swing trading.

Before 8:30 and after about 12:00 p.m. , I tend to look at smaller scalps (.15 target/ .07 stops).
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This is good advice. I have noticed similar re: 830-1030 window.
 
Quote from roreilly:



But if you want good info on CL, go back and read the nodoji and SteveH posts. They totally rock, and their musings have accelerated my learning curve. Good luck.:)
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yup
628134@N25.jpg

http://www.elitetrader.com/vb/showthread.php?s=&postid=3423348#post3423348


a AB refresher

http://www.futuresmag.com/2008/04/15/five-minutes-to-fame-in-the-emini
 
10/11/2012 10:25 *DJ OIL FUTURES: Oil Prices Rally After Report of Pipeline Explosion

Syrian Security forces report an oil pipeline explosion
 
Market expectations:


11:00 AM ET. EIA Weekly Petroleum Status Report

Crude Oil Stocks (previous 364.7M)

Crude Oil Stocks (Net Change) (expected +1M; previous -0.48M)

Gasoline Stocks (previous 195.94M)

Gasoline Stocks (Net Change) (expected -0.1M; previous +0.11M)

Distillate Stocks (previous 124.06M)

Distillate Stocks (Net Change) (expected -0.4M; previous -3.69M)

Refinery Usage (expected 88.1%; previous 88.2%)

Total Products Supplied (previous 18.72M)

Total Products Supplied (Net Change) (previous +0.41M)
 
Quote from Visaria:

What! I thought it was the oil numbers lol. I had a long NG position which i exited on the spike.
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It was the NG numbers that came out at 10.30 - thought they were coming out tomorrow!!

edit: 3000th post !!!


:cool:
 
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