August 19, 2013

Crude Oil Day trading strategy; Morning Prep 08/19/13

Contract
Rollover Alert:
 we have rolled
forward to the next front-month contract for Crude Oil Futures this
morning.  We are now trading the 10-13
contract as of Monday morning. 
We begin the morning session today without any major economic
news on the calendar today.  We know
today is Re-Balancing Monday, which is the Monday after OPEX-Friday, and this
tells us that we should expect to see some high-percentage-trades this morning,
but in the month of august we need to be patient this morning because we know the
market personality will likely be sluggish on a Monday without any major news.

    schooloftrade

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