it is good almost every single day. do not fear if it suffers massive fall, or if it goes all the way to the moon or if it goes negative again. Its day range is rather huge. so it is very good for day trading.
My opinion temporary choppiness on the way to $80 at some point. However, I sold most of my high volatility Oil stocks this week. Choppiness can create new entry points at any point, the range can be played on many stocks taking into account Oil moves. Many of the Cdn energy stocks I trade are good value especially the nat gas ones. But in these choppy periods with negative news best to sit out look for oversold moves.
It is CL expiration. All is expected. Then you have a higher bond price and lower yield. So folks think Fed won't increase interest rate. All outside forces.
When the FED (and Central Banks around the globe) are selling the "nuances and benefits" of massive debt monetization, best not to stand in front of the Crude Oil steamroller.
I'm always holding some energy companies just adjusting my weightings. Actually rebought three oil firms late yesterday.
Shanghai INE crude oil ALMOST break the record high of 450.0 just a few hours ago. something big was happening