ok, do you have statistic of opec deals and price reaction? does price follow the deal and how long? PS. last time deal cut was in 2008 year. it was 8 years ago.
That means you would have to change a small intraday stop loss to a relatively much larger multiday stop loss. What are they? Say, $0.50 and $5.00 respectively? After using an initial margin-to-equity ratio for intraday, the account would be taking huge risk for becoming a multiday, especially considering overnight margins. Easily blow up with real-life trading!
news give volatility to markets. but the direction of markets are determined not by the news itself. the direction could be established before news and continue after news.
I think commodities will generally follow through to underlying fundamentals if the change in fundamentals is significant enough. Crop reports come out with significantly less expected crop production due to drought, prices are probably going to trend higher in the medium to long term and follow the fundamentals. Do you agree with this?
maybe in such specific markets as coffee, corn and etc, where much less speculators and much more producers, it does matter. but not in crude oil. max oil prices by years. 1999 - $12 2006 - $60. 2008 - $140. 2009 - $40. 2011 - $110. 2016 - $30. how did fundamentals change during this time to couse such movements?