crude oil trade seasonal futures commodity spreads

June Crude Oil Trade Summary

Sell CLQ16 – CLU16: short August 2016 Crude Oil and long September 2016 Crude Oil

May 23: sold 2 contracts when 1-2-3 pattern occurred. PTs and SL defined based on the support and resistance levels. The market is going sideways.

June 7: the price was ranging between SL and PT1, when price hit the PT1, I moved SL to BE. Later I decided not to risk and I closed  the position with small profit of 160 USD due to following reasons:

  • crude oil inventories report next day
  • choppy market
  • end of trade window in 3 days


(click on image to enlarge)trade-seasonal-futures-spread-clq16-clu16-660px


Profit/Loss Side Cont. Entry Date Entry Price Exit Date Exit Price Comm.
160,00 $ Sell 2 2016-May-23 -0.38 2016-Jun-6 -0.46 18.48

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