Crude Oil Futures Contract Specifications; tick value, margin requirements, round term commissions

Symbol: CL (CME)
Tick Value: .01 (75.45)
Cost/Tick: $10.00 usd
Margin: $1,000 usd/contract

Benefits: Large moves and Consistent Patterns
Drawbacks: Beware times of low volume, gets ‘whippy’

Best Time to Trade: 7:45am – 2:00pm EST
Favorite Pattern: Scalping the 2-Step off the Extremes
Favorite Timeframes: 4-Range for Scalping, 13-Range for Day Trading, 21 & 34-Range for Swing Trading

Crude Oil is one of my favorite markets to day trade because it gives me plenty of low risk, high percentage trading opportunities with low margin requirements and cheap access to this liquid market.

We use this market every day to make money, it’s our biggest earner by a long shot, and as long as speculators, hedgers, big institutional traders, black-boxers & little day traders like all of us love making money this market will continue to thrive.

Look for our first trade of day on crude oil futures around 800am EST, its an easy way to get your day off to a great start….but remember, you need knowledge of this market or that first trade of day could be a big loss…so protect your capital with knowledge first.

Contact our support team for futures brokers for crude oil futures

Here’s the direct link to the exchange:

http://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude_contract_specifications.html

Learn How To Day Trade, Scalp Trade, and Swing Trade Crude Oil Futures