Monday, 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.

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