05-01-2019, 12:30 PM
(05-01-2019, 12:30 PM)examplemallet Wrote: The CL contract rolls each month. I keep a quotes screen up that has the current month and the next 2 months in advance with the total volume info listed so that when the next month’s contract starts trading with higher volume than the current month, I rollover. Here is the month lettering for rollover:
Each week The Energy Information Administration (EIA) provides weekly information on petroleum inventories in the U.S., whether produced here or abroad. It normally comes out every Wednesday at 10:30 EST but there are several times during the year when it is moved to another day due to holidays and such. Do not hold trades through this or execute trades into this report until you have experience. Historically, price volatility is more narrow from pit open to the time of this report so I make my profit targets very small if I am going to trade at all on Wednesday morning.