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What is the Next Opportunity in the Crude Oil Market?

Posted by TopstepTrader on July 12, 2018

Crude Oil Decline

After yesterday, Crude Oil futures are seeing red. The commodity fell 5% after inventory numbers. 

But a move of that size could have been expected. There is just so much going on: supply concerns coming out of Venezuela and Canada; political pressures from President Trump's Twitter account; extreme backwardation in the Crude Oil curve where front-month prices are more expensive than future prices; and, before yesterday, a $10 rally in the past month. 

In this special episode of Limit Up!, futures trader Tracy Shuchart talks with host Eddie Horn about what's going on and what she is looking at to drive moves in the coming trading sessions. 


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Be sure to subscribe to Limit Up on iTunesGoogle Play or SoundCloud to get the fresh episodes each week delivered to your inbox. 

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Topics: Trading Basics, Limit Up!, Tracy Shuchart, Futures, Crude Oil

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