It's important for the market to keep going up to close above 76.30-76.70. Tomorrow we have inventories let see.
stop to b/e out at 76.72, would love to wait around to see if we break the days range, but once again too chicken **** to find out
gut feeling from the sidelines told me we were going to break out!! ES broke out of its range and CL followed suit it looks like. it's so hard not to just take smaller profits.
As mentioned by someone (not sure who) go with whichever contract is trading the most volume. Makes sense to me.
I'm sure this has been addressed before, but I'm too lazy to search through the thread. Does the API report come out every Tuesday and does it have any major effect on the CL market? Or do traders/hedgers tend to rely on the Wed inventory report? Where can one find the API when it comes out?