CL Trading day November 1 2017 PM

01.11.17 08:44 PM By bernard - Comment(s)
Oil inventory number and FOMC decision ... Market opened this morning with a gap up so gap rules were in play : Gap Rules: a.                  Go with all gaps that aren’t filled relatively quickly. Go with a gap on a failed attempt to fill the gap that s...

CL trading day Sept 14 2017

14.09.17 09:08 PM By bernard - Comment(s)
How many of you tried to sell the market today at the open ? I am sure that was behind a lot of traders' mind this morning.
  • The market seemed to be overbought.
  • Inventory was long.
  • Yesterday's profile structure wasn't strong at all.
But you can't short the market blindly based on these fact...