Best time to trade Crude Oil CL

This is a discussion on Best time to trade Crude Oil CL within the Commodities & Money Markets forums, part of the Markets category; 1 find good twitter feeds help a lot with WTI can be wild and profitable like Friday on rig count. ...

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Old Mar 1, 2015, 12:53am   #16
Joined Dec 2005
1 find good twitter feeds help a lot with WTI can be wild and profitable like Friday on rig count.

unsure how it will play in the future when CME closes all floor trading apart from S&P 500?
The announcement by the CME Group that by July it will shut down nearly all its trading floors, relying instead on computerized trading, unleashes a flood of memories of the trading pits I covered for CNBC for nearly a decade.

The closing of the gold and crude oil pits could worsen the issue of painting the tape (manipulating prices by both buying and selling) by large trading houses to help their positions or hurt traders that can't bully the market. This has happened and will be a major issue for the settlement of back months. The front month is a weighted average and shouldn't be affected.

Last edited by dcarrigan; Mar 1, 2015 at 12:59am.
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Old Apr 20, 2015, 2:17am   #17
Joined Apr 2014
interesting point, but I thought electronic trading makes manipulation a lot harder.
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Old Jul 16, 2017, 4:24pm   #18
Joined Nov 2010
. Crude Oil - Toronto :-))

I'm also in Toronto and also trade CL.
The best time to trade is when the volume is the highest. To see that add VOL / volume to a 10 minute chart (just for this purpose) and you will clearly see that volume increases dramatically after 8am and drops off after 12 noon.... sometimes ok at 2p-2:30p (old) close too.
If any of you Toronto CL traders ever want to meet up for coffee and talk CL Trading, I'm happy to join-in.
midtermalgo gmail ... anytime...
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Old Feb 26, 2018, 8:09am   #19
Joined Oct 2017
There is no time decide to Best time to trade Crude Oil CL it depends on traders you are (scalper, swing, long term from daily/weekly charts, etc).
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Old Feb 26, 2018, 8:54am   #20
Joined Jan 2018
There is no set formula for the best time to buy commodities, similar to stocks. This really depends on the investment goals and on an investor’s time horizon. If you have a long-term investment horizon buying cheap is often the better route.
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Old May 4, 2018, 7:31pm   #21
Joined Jun 2017
from 5am edt to 11 am/

quite good.
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