Hi - It seems that oil is making a move to the upside, and I'd like to go long. I'm wondering which market - My broker is quoting 29.29 for Brent crude, and yet bloomberg and future source are telling me 30.85. Am I looking at the right market? It seems quite a large difference in the pricing. Thanks J-S
I'm using the UK spread betting firms. The quote they are giving is for Brent crude. I wonder whether you could outline the difference between brent & light? Is one market better to trade than the other? Thanks Jo
As the name implies, I'm primarily a bond trader but do watch crude so I can't tell you which market is better to trade. I believe the difference between Brent and light sweet is composition characteristics.
Brent Crude is traded at both the IPE www.ipe.uk.com and the NYMEX www.nymex.com Light Sweet Crude (& a few more energy contracts) are traded at the NYMEX as well ... regards wild
Hi does anyone have 14 day ATR for Brent crude? CSI is giving me 0.75 ATR & barchart.com is giving 0.37. seems a bit odd...
I used to use this for position trading commodities. Try to go for about 2-3 months out. The liquidity is better than in our IPE even though it is still a manual exchange. (new emini contracts excluded of course). Not sure about using the index firms though. I always got "buyers remorse" once I truly realised the spread I had just got conned with!