Im not sure if we take this into the weekend with overseas turmoil…but I think we could see a correction over the next 2 days. If not, we are only risking $1.00 on a mini contract.
Crude Oil
The Cullen Outlook – Crude Oil (4-9)
I will be trading a mini contract (QMK8) for the next 10 days until FND. Minis are 1/2 the size
Improved Expectations in Metals and Treasuries Contrasts Potential Volatility in Physical Commodities
With US scheduled data into the end of March/end of quarter coming in positive and the trade facing the March nonfarm payroll report at the end of this week, it is possible that US economic expectations will be improved and markets like Treasuries, equities, copper, silver, platinum and palladium will resume the trends in place from the end of February. However, physical commodities…
Downbeat Week Ahead for Commodities Despite Positive Data from Asia
It would appear that US scheduled economic data has returned to a choppy standing, but recent Asian data has clearly surprised on the upside. Chinese retail sales figures nearly returned to double digit percentage gains over year-ago levels, and those optimistic results were matched by strong data from Japan. Unfortunately for many physical commodities, the dollar has seemingly regained some favor, and “buy the rumor” action into the upcoming FOMC meeting might see that action extended.
Trade Spotlight: Spreads (Crude Oil)
This is a sample entry from Don DeBartolo’s email newsletter, Trade Spotlight: Spreads, published on Tuesday, March 06 2018. There is a spread trade opportunity in Crude Oil. Shorting a spread of futures contracts on a breakout of a strong lower Trend Line. The Trend Line touches several points going back to the summer. There… Read more.
Equities Markets’ Resilience has Softened Negative Vibes in Commodity Markets
While the equity markets have not completely left the confidence-shaking volatility from early February behind, their ability to maintain a good portion of their gains from the recovery bounce has calmed investors and softened the negative vibes in the commodity markets.
January 12- Taylor Trading Buy Day in Crude Oil Futures
Some of the time markets are a two sided affair, and we can trade them from both sides. Other times markets are trending strongly. When they are trending we want to either trade in the direction of the trend or do nothing. That’s one of the reasons I cover so many markets for Swing Trader’s… Read more.
December 6 – Breakout Trade in Crude Oil Futures
As I noted in Swing Trader’s Insight last night, crude oil futures had a breakout setup for Wednesday, as Tuesday was NR4 day and a doji. This fit well with today’s release of the EIA petroleum inventory report, which is often a catalyst for a breakout move. Tuesday was an interesting day as it followed… Read more.
Optimism Toward Global Economy Despite Market Volatility
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Global Growth Patterns Indicate Strong Economy, Demand to Support Commodities
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