Best time to trade Crude Oil CL

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Old Jan 21, 2009, 6:45am   #1
 
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Best time to trade Crude Oil CL

Whats the best time to trade Sweet Crude OIL CL.

I am in Toronto Canada and my strategy is to scalp 20c to 50c a day off the CL symbol. Whats the best time of day to catch the movement I am in Toronto, at Eastern Standard Time.

What is heaviest trading time for this symbol??
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Old May 27, 2009, 7:35pm   #2
 
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Hi,
i begun trading the Crude Oil two 2 months ago (i'm in Montréal) and it's really trendy the morning (7-8am).
I like trading CL because of its big moves. When i catch a momentum i enter with 10 Pips SL and then when i'm up with +5pips i move my SL to break even. My SL is usually hit but when it's not... you could grab a lot of pips.

Au plaisir.

Last edited by jamilou; May 27, 2009 at 8:11pm.
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Old May 27, 2009, 7:59pm   #3
 
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Yes, morning moves up to 10.30 are best
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Old May 31, 2009, 6:20pm   #4
tle
 
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hi im also .TO trade 4 am to 6am
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Old Jul 1, 2009, 6:17pm   #5
 
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Hi guys,

Greetings from toronto. I am a newbie. I haven't started to trade crude oil futures. But I am ready to trade. I thought I could introduce myself. I live in GTA (bloor/Lansdowne area). Perhaps, I could meet with you guys for a coffee or so and exchange some information. I would appreciate your response. Thanks
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Old Jul 1, 2009, 6:46pm   #6
 
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Im in the To area too and trade crude.
I try not to trade US crude when the pit is closed and don't usually enter after 2PM
Earlier in the morning 2AM onwards you can catch some moves because Brent is being traded and US crude moves along with it
Nicola
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Old Jul 1, 2009, 7:15pm   #7
 
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Where is Brent traded? UK?
What is its symbol here in the US?
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Old Jul 1, 2009, 9:00pm   #8
 
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Quote:
Originally Posted by Nomadtrader View Post
Where is Brent traded? UK?
What is its symbol here in the US?
Brent Crude futures are traded on the Nymex. It depends who your broker is, Interactivebrokers have it. The code is BB
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Old Jul 2, 2009, 6:32am   #9
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Brent Crude futures are traded on the Nymex. It depends who your broker is, Interactivebrokers have it. The code is BB
Brent crude is an ICE contract. Globex may have their own version, but it's definitely an ICE contract.
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Old Jul 2, 2009, 7:10am   #10
 
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Originally Posted by Papa Lazarou View Post
Brent crude is an ICE contract. Globex may have their own version, but it's definitely an ICE contract.
Hi
I agree it definately is an ICE contract but in North America you can trade the futures through Nymex too and the code is BB.
NYMEX.com: Brent Crude Oil - Financial Contract
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Old Jul 2, 2009, 8:42am   #11
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Hi
I agree it definately is an ICE contract but in North America you can trade the futures through Nymex too and the code is BB.
NYMEX.com: Brent Crude Oil - Financial Contract
Ahh. Just like ICE has a WTI version! Good stuff
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Old Jul 6, 2009, 7:23am   #12
 
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Originally Posted by Nomadtrader View Post
Yes, morning moves up to 10.30 are best
i agree with you !
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Old Feb 7, 2015, 8:00pm   #13
Joined Nov 2010
Best Time To Trade Crude Oil

All your comments are good. I
The best way to determine the best time to trade CL is to look at a 3-5 min chart and see what times it moves. Someone said 4a-6a.... he was correct.... that is one of the times that is good... but there are also other good times. Prime time opening looks good but often moves so fast that it is difficult to trade then (9a-11a). I am in Toronto also. Happy to meet any Toronto Traders. bruceross111 a gmail ..... anytime......
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Old Feb 16, 2015, 3:12pm   #14
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The overlap of the European markets and the US markets is the best time, something between 7 am and noon Eastern Time.
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Old Feb 25, 2015, 5:57pm   #15
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I only trade WTI after the NYMEX floor opens. So at 2pm London time.
I don't like trading in low liquidity hours because strange things happen.
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