No I get the same thing as you, a blank chart. Not sure what's up. Risky63 posted the previous chart and it was from NT. Now I just got one bar. Probably needs to be reloaded. Nope. Reloaded and lost my one bar.
That twin top LH @ 87.20 was a nice setup. I waited and shorted the break of 87.07 twin floor, but pretty much the same trade. Oh, except for the fact that I covered too soon because the earlier chop placed me in "take what you can, quick" mode
So why is Brent so manic while CL is depressive? And what's up with the spread? I guess the two fell out of love. After so many nights of feverish contangos, who wouldn't?!
few observations on the attached Crude Weekly chart - charts shows bollinger bands (20,2 ) on weekly chart - for last 21 weeks ( since September 2010 ) the weekly close price holding above BB moving avarage - this week again testing the BB moving avg. line price 87.45 ( as of today ) I guess this week close will hold that BB avg. line price
pre Egiptian unrest the spread reached $12 , then dropped to $9 in the unrest week , now back to original range. Here is one talk. "Brent is still reflecting the market concern about Egypt and the Suez Canal," said Tony Nunan, assistant general manager with Mitsubishi Corp in Tokyo. "Oil supply to Europe via the canal would have more impact than to the U.S." The canal was operating normally on Tuesday despite strike action by 3,000 workers in companies owned by the Suez Canal authorities in Ismailia and Suez over pay and conditions.
Oil ETF and Gasoline ETF Disconnect The USO Oil Fund (USO) and the US Gasoline Fund (UGA) normally track each other pretty well, but these two have gone their separate ways over the last four weeks. UGA (red) is up around 1% and USO (black) is down around 4% since January 11th. This is unlikely to last too long. http://blogs.stockcharts.com/dont_i...-etf-and-gasoline-etf-disconnect-uso-uga.html
Okay, finally figured out how you can get the data using the IB feed. But first, a preliminary question: what the hell is the difference between COIL@Ice and BRN@Nymex? Jeezus, they had to make it as confusing as possible, didn't they? Anyway, both symbols are available from IB (note that IB uses BZ for BRN) with one caveat. BZ looks very thinly traded and downright awful. So I went with COIL. <center> <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=3086828" height="500" width="700"> Click to enlarge Now to the actual configuration. <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=3086848" height="500" width="700"> Click to enlarge </center> In order for this to work, you obviously have to be connected to IB through Account Connection in the Tools menu. Also be sure to disconnect from other data sources like ZenFire.
Well, isn't that because CL is down while RBOB is up? It's true the two futures contracts do mirror each other, but that does not mean the USO (oil ETF), which tracks CL, now somehow decides to follow the lead of RBOB (gasoline). <center> <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=3086882" height="500" width="700"> Click to enlarge <center>