My stop was set at 93.20 and get filled at 93.02 when crude inventory report came out. It bounced right back above 93.20 in a few seconds.
Next time consider stop limit order.
Tag Archives: CL
Long CL Feb14
@99.25 and 98.95. target 100.
Update: out @99.20 & 99.33.
Getting into Spreading CL
After a few days of trading CL, it turns out that a big factor moving the oil market is the FX rate change, specifically, EUR/USD pair. A calendar spread on CL will remove this FX factor so the focus can be on the oil price actions.