Natty failed at the monthly A up for the 2nd time. It has also confirmed a weekly A down. BTW, KOLD is the inverse ticker for BOIL.
Using NOV. 3.71 and 3.51 are the weekly levels. Confirmed weekly A down today off the failed monthly A up.
thanks mav...i was using dec... how do ya handle the roll on various contracts? will ya run the nov numbers for dec? or rerun the numbers using dec? natgas is pretty liquid till expiry so i guess ya could use the nov contract but for somethin like crude which expires mid month how would ya handle the roll? thanks B
I can't remember the last time I saw one month confirm and the following month did not. So basically all the months seem to trade together. If one fails, they all fail. If one confirms, they all confirm. So you can use Nov and roll to Dec when the volume switches over and the trade is still valid.
Are you asking about the opening range? I think if you want to trade CL over night you are better off trading Brent.
think fisher once talked about a 'double' A up type concept where if you had an A up for london sesssion and then had A up in US session was like a double confirmation type thing...made the bias stronger etc... me personally i think it would add value...could look at it like FX where ya have 3 sessions...and each could have A up/down...
funny we have monday nite football with detroit vs chicago... isnt romney a michigan guy and we know obama is a chi town boy...