CL Redux

I'm kinda surprised that the death of Chavez and the new highs in equities haven't produced buyers of Crude. The oil trend seems very strong.
 
Hey LGS1 could you expand a bit on this? when was this ban? I've been looking for a reason behind this behavior change in CL.

Quote from LGS1:

Agreed. As long at VIX stays at or near these levels, daytrading is going to be very difficult.

I would start thinking about devising a longer-term strategy (longer-term in trading terms, meaning days not intra-day).

CL has become more of a mean-reversion trade since the ban on bank prop desks has eliminated the bigger players. Look at the candle bars on a daily chart...just huge wicks up and down with small bodies = algo heaven.
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correlation in general is greatly overrated. Each instrument has its own demand and supply cycles.

Quote from roreilly:

I'm kinda surprised that the death of Chavez and the new highs in equities haven't produced buyers of Crude. The oil trend seems very strong.
More...
 
03/06/2013 10:30 *DJ DOE: US Crude Oil Stocks +3.833M Bbl In Wk; Seen +0.5M Bbl

03/06/2013 10:30 *DJ DOE: US Crude Oil Stocks +3.833 Mln Bbl At 381.351 Mln Bbl
 
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