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
2 comments:
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.
DT233
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.
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