Crude Oil Rolls from March to April
Starting Tuesday, February 16th, trading activity (volume) in the March 2016 contract for Crude Oil (CLH6) will move to April 2016 Crude Oil (CLJ6), also known as the "roll." Per the Combine Rules,...
Starting Tuesday, February 16th, trading activity (volume) in the March 2016 contract for Crude Oil (CLH6) will move to April 2016 Crude Oil (CLJ6), also known as the "roll." Per the Combine Rules,...
Bigger picture is that we have tested the January lows. Now expectation should be that we now move up to the top of the range which is 1929.We could fail and if we do fail before testing 1929, then...
We are still in the same place as yesterday. Still looking to see if we can push down through the range we have been in this year and make headway downwards or if we'll return to the range high of...
We did fall back into the range yesterday and overnight we've dropped below it, through the 1814 level. We haven't been as low as the January low of 1804.25 but we should keep an eye on that area.So...
Yesterday we were looking for signs the market had bottomed out and we didn't get that. What we got indecisive. Overnight, we have seen a push up, so I'm looking for signs of continuation at the...
Well - you have to laugh at the financial press "doom and gloom as market sells off on poor employment numbers" - yes, it sold off on Friday and went all the way down to Wednesdays low...
We were looking at 1866 for a buy yesterday and we go to 1865 before turning up. This is a very indecisive market - so trying to predict scenarios here is a bit tough. I'm still of the overall...
Opinion pretty much unchanged from yesterday. We settled just 5 ticks above Fridays settlement. I still see upside potential as long as we stay above 1900-1901 and I see 1929 above as a hurdle we...
Surprise (to me) on Friday that we did actually see the breakout. Volume and range both high. We are now back to the 1929 area and today we need the market to show if it can keep these prices and...
This is an early prep today as I have some errands to run before the open.
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