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macattack

Registered: Oct 2007
Posts: 451

06-22-12 11:56 PM

I've been trying to learn more about oil rather than just trading it blindly & had a few questions:

1. If trading CL on NYMEX/CME is there any reason to monitor the WTI Crude trading on ICE?

2. Does WTI trade on any other exchanges?

3. Is there any reason to trade Brent Crude instead of WTI?

4. Is monitoring the Brent/WTI spread helpful to daytrading CL?

Thanks.

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bigb

Registered: Oct 2005
Posts: 277

06-23-12 06:53 PM

1. If trading CL on NYMEX/CME is there any reason to monitor the WTI Crude trading on ICE?

NO.....its the leader already

2. Does WTI trade on any other exchanges?

wti is the price of light in the midwest. CME is the leader

3. Is there any reason to trade Brent Crude instead of WTI?

no, unless you like trading much weaker volume and larger spreads

4. Is monitoring the Brent/WTI spread helpful to daytrading CL?

not unless your trading the spreads

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ocean5

Registered: Feb 2012
Posts: 934

06-23-12 10:11 PM

Monitoring volume is very helpful.Volume rises-you buy,volume falls-you out.Anything else is a cacashka

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bone
ET Sponsor

Registered: Apr 2002
Posts: 4327

06-25-12 01:58 PM

Quote from ocean5:

Monitoring volume is very helpful.Volume rises-you buy,volume falls-you out.Anything else is a cacashka

How is that so ? There was a counterparty to every one of those trades.

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