Commodity Power Trends

As the market has continued it surge in october it has lifted all markets in general and has had a positive impact in the oil markets which has seen a rise in multi-dollar moves over the last few weeks. A true intraday trader will profit in both long and short irrespective of the overall direction of the market but will have a bias in mind over a weekly or biweekly period. Remember 1 contract of CL requires between 2-5k in a brokerage account depending on who you use. If one is able to make a dollar in a given day that could amount to a 20% return if one uses the higher deposit amount.