Quote from Shanb:
I don't now how exactly the rules work in regard to product selection. But dude, you said you traded equities for 10 years. You know that volatility is very cyclical, so sometimes Crude is very tradeable, other times its the grains, metals, and even the indices.
People that are making blanket statements about a products action are being misleading. Crude has be a choppy mess for a month and a half. We know that a contraction in vol usually leads to an expansion. Two days ago you had a large range day in crude, so hey look at crude. The indices have their moments when they are very tradeable. ES has had a huge run and you are getting some digestion...intraday action will likely be very choppy!
I'm not trying to lecture you as you said that you have experience. Maybe you are a little rusty, but these are basics man!
Thank you for that you're right... That's part of the picture...
Never traded crude... traded XOM which somewhat correlates with oil... (sure that's debatable)...
Quote from justrading:
Volume often shifts to the next month before the last trading day of the front month contract, and sometimes like for Gold it shifted to the December contract at the end of July skipping the October contract.
If you want to know real time have a chart or quotesheet open with volumes shown. If you want to know the next day the CME Group Settlement page will give you the volumes.
http://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude_quotes_settlements_futures.html
Thank you for that... makes sense...!