So far, it's "Don't let the CL eat me alive!!!", but I'm getting there . I've been trading the ES for too long, so I'm used to the security of having a bit of time to decide if the trade is feeling good or not. That along with the fact that I have relied on the NYSE TICK as a crutch as well. The CL really seems to go by the mantra of "trade what you see". Where a LL on the ES can often be a fakeout, a LL on the CL is bloodbath time.
I use number,resistance/support, to catch move. yesterday it moved back to 105.15,then I thought if I shorted, I wanted to cover at 104.1ish. I did not. morning bought 103.6, want to sell at 104.8ish(overnight high),actually I sold at 104.83when it fell back. nowit is at104.89, if I buy,I get to sell at least at 105.89or 104.67with a flip, buy back at103.6ish
interesting fact The Brent Crude oil marker is also known as Brent Blend, London Brent and Brent petroleum. It is used to price two thirds of the world's internationally traded crude oil supplies.
Why all the strength? Dollar weakness possible - EUR is flying high today definitely a brent led rally