What Happened?

Crude got whacked, that’s what happened. Bloomberg and Reuters say it was due to gasoline inventories rising and demand falling.

Solfest says it was traders taking profit before the weekend.

I did not trade well today and was on the sideline as the bottom fell out.

C'est la Vie.

5 Minute Crude Oil Chart
1 Minute Crude Oil Chart


daytrader233 said...

Hi Solfest.
Do you only trade crude and soybeans? Have you ever traded the index futures? Or do you find crude and soybeans easier to trade?
Good trading.

Solfest said...

Currently I am only trading oil and beans. I have traded Russell and DOW futures in the past.

I find oil and beans more volatile which suits my trading style better.