5% - 10% profit per day trading

i got out of that short with some profit +27c, wasn't going to hold. so what is the relationship between stocks and oil now? they still seem to be correlated.

 

this should breakout and move towards 54.75
if u r short be very careful

 

It seems to have run out of steam at the moment. Going to go long off this support on reduced size.

 

Canceled buy order -looks like this may not hold

 

bah, i chickened out of this short. i wanted 52.80 but that was stupid. not in any trades at the moment. hoping we fall quite a bit so i can go long.

 

Long 53.69 stop 53.40

 

mjuk, do you usually trade oil? i've seen you here once in a while

 

Trade CL quite lightly inter-day at work.

 

Oil JUNE/JULY spread JUNE short/JULY long is trading at $1.60

last wednesday/thursday it was trading around $1.10
I did not pay attention last week when busy with JUNE crude oil trades. This could have been good trade either case
a) JUNE oil goes from 49 to 46
b) JUNE oil goes from 49 to 52

$1 spread is always profitable as the month progress.

Even this current spread of $1.60 will increase to $2 in a weeks time, today itself spread increased to 27 cents .

 

i've looked at the monthly spreads once in a while, and have tried to trade them.. they seem to be unpredictable to me. do monthly spreads tend to narrow or widen as they get closer to expiration? i know alot of it has to do with perception of supply and demand in the future, but i don't really understand them.