If we remember last CL expiration, we did not have enough storage and contract went negative. I am currently, short CL 6/20 at 32.51 looking to close before expiration.
News Trading using Futures
- Thread starter oraclewizard77
- Start date
Seems it would be safest to get out of it in profit now, rather than push it through Wednesday when it expires. Grab n' go, and wait until after the roll.
My target got hit, so yes, I am now out. I made profit tonight but not as much as you think because I lost on some ES trades.
Major study finds 30% reduction of death. Long at 3120 ES. Will add lower if needed.
https://www.statnews.com/2020/06/16...s-deaths-among-patients-with-severe-covid-19/
https://www.statnews.com/2020/06/16...s-deaths-among-patients-with-severe-covid-19/
Target of 3123 ES was hit.
I think jobs report this Thursday will be good. I am currently long ES at 3127.75. Looking for 3143.75.
ES has declined but no bad news that I could see so I bought on PA formation. Stop is below current lows.
ES has declined but no bad news that I could see so I bought on PA formation. Stop is below current lows.
I killed the trade for 8 points of profit. We are running into a descending triangle formation. It's possible we break through, but overall trend right now is negative for whatever reason, so will look for better opportunities in future.
https://www.washingtonpost.com/us-policy/2020/12/06/stimulus-deadline-relief-programs/
Long ES and CL on possible stimulus news on Monday.
Long ES and CL on possible stimulus news on Monday.
As we noted we got more stimulus.
https://www.usatoday.com/story/mone...fits-economy-covid-relief-package/3921356001/
I have been going long ES futures with multiple positions to get my cost basis down and have a long position going into Tues.
What this means is when I buy higher, I have averaged into my position as price goes lower and then sold out either BE or 2 points above cost basis. My goal is to get paid for holding one contract longer.
https://www.usatoday.com/story/mone...fits-economy-covid-relief-package/3921356001/
I have been going long ES futures with multiple positions to get my cost basis down and have a long position going into Tues.
What this means is when I buy higher, I have averaged into my position as price goes lower and then sold out either BE or 2 points above cost basis. My goal is to get paid for holding one contract longer.
Long CL at 52.22. Will look to add if it goes lower.