CL Journal

How often does settlement price influence price behavior of the session next day?

 

Every day

 

WRONG

 

You don't understand the oil market Romy.

 

B1S2, please explain.

"Daily Settlement Methodology
Front Month
The front month settles to the volume-weighted average price (VWAP) of all trades in the outright contract that are executed between 14:28:00 and 14:30:00 ET, the settlement period, rounded to the nearest tradable tick."

So 14:30 ET influences price movement the next day? What about the price movement from 14:30 ET to ETH close at 17:00 ET?

Show some charts that back up your intercalating.

 

Closing price is the most important price in any market. There can be no other.

 

You did not answer the question.

 

The answer is readily apparent and unwieldy.

 

If that was to be true there would be 100% edge present, but it just isn't so. "Every day" is far from reality, why don't you trade daily closes & we'll see.

 

B1S2, I'll give you a pass here...You're smoking the funny stuff. Progressive society and all that.