Crude oil intraday

Hi guys, got some newbie questions here:

1) Any recommended brokers to trade crude oil with?
2) Is there a difference in trading FXCM UK/US oil with NYMEX WTI/Crude?
3) Where would be a good place for a beginner to learn up on day trading crude oil?

Thanks!

Hello,

Wondering if any of you posters are still on this Forum for Crude Oil. I am a Day Trader in Crude Oil & NatGas and soon Brent Crude. Anyone out there who would like to discuss trading strategies for Futures? Was also wondering if anyone has heard if there is an instrument for RMB/Dollar Futures yet? If so, has anyone tried it?

Cheers,

EnergyKnight

Hey Igmar,long time mate,hope all is going well.

Day and weekly chart show WTI right at the gate,
is this breaks to the up side things could get really moving.

Hope you found this divergence!

Desvaro Hi guys, got some newbie questions here:

1) Any recommended brokers to trade crude oil with?

Interactive brokers is 1st for me. spread 1-2 cents $2.5 a side coms

2) Is there a difference in trading FXCM UK/US oil with NYMEX WTI/Crude?

FXCM is a market maker their oil price is not the futures price.

3) Where would be a good place for a beginner to learn up on day trading crude oil?

start trading micros on any market maker that offers the best spread 6 or less cents imo. The standard Fut contract is $10 a cent... if you make a few mistakes this can really add up.

Thanks!

Good oil trading

Depends what your pockets are the best would be obrien for commodities imo.

Then some alternatives futures amp futures.

realy depends what you looking for? and what size you can trade.
But if you have some decent cash go 2 obrien.

Thanks for the help guys!

I trade oil with Hot Forex (yes they have a demo).

The spread is 5 pips which just about equals the spread I pay when I traded futures. The difference is 1 tick in futures was worth ten bucks - with hot forex a tick is worth $1. I generally use a 15 pip stop with a 55 pip target - no fx pair offers this kind of reward for the risk.

http://blackgoldforex.tumblr.com/pos...p-20th-january


Bull bear recap will post them weekly i use it for my own journalling will share if people are intrested some summary of articles i find intresting and make a recap of it to go in the new week.

WTI Crude Oil (NY Close): $99.58 // +1.12 // +1.14%
Geopolitical tension appears to be taking over as the main catalyst for crude oil prices. Indeed, correlations with measures of risk appetite – the S&P 500 as well as the MSCI World ex US index – are substantially diminished as all eyes turn to the escalating saber-rattling between the West and Iran, with the EU now set to join the US in boycotting the country’s energy exports and setting off worries of a retaliatory shut-down of the Strait of Hormuz.

Bull bear recap 23-27 january 2012

http://blackgoldforex.tumblr.com/pos...7-2012-trading

Nice work Ingmar,i really like this.

Stuck in a range here,buying coming in at around 97.50
and selling at 103.
It looks like its drawing a bull flag to me.
Weekly and 4 hr chart.
Might look to buy down here in the new month.

Got long oil at 96.60,stop just below the 1 hr pin.
1 hr and 4 hr chart.

Stopped out at 96.30.
Will look for another entry.

Long again at 96.40,stop at 95.80.

Out at break even,feels like i'm standing in front of
a speeding train here.

Looks to be headed to 99.00,but without me on it.
Was really tempted to try once more with a long around 95.60
but after two failed trades that day i wasn't sure i was seeing it
right and just left it alone,never mind,i'll get it the next time.

Strong on lower TF.
Keep it open so maybe I will have surprise sunday.
Watching last supply drop to take action.