It seems oil is trading more than just the 'pit' hours. What is the best time to trade crude oil ?

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AynRandFan's gravatar image

AynRandFan
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When you mean crude oil, I assume you mean the CL contract.


This is a great answer by FatTails, You can see the original post here.

Trading Times for CL A similar analysis can be quickly done for CL. Again the chart shows the hourly ranges for each weekday during the last 50 days.

Highest volatility is found on Wednesday between 10:00 AM and 11:00 AM EST. What a surprise! Here are further details:

Best Trading Times EST

  • Monday 9:00 - 10:00
  • Tuesday 9:00 - 10:00
  • Wednesday 10:00 - 12:00
  • Thurday 9:00 - 11:00
  • Friday 8:00 - 10:00

So for all CL traders: Get up 1 hour early on Friday. If you take a day off, then it should be Monday or Tuesday.

Good Trading Times EST

  • Monday 10:00 - 14:00
  • Tuesday 10:00 - 15:00
  • Wednesday 9:00 - 10:00
  • Thursday 8:00 - 9:00, 11:00 - 15:00
  • Friday 12:00 - 15:00

Bad Trading Times

  • European Session

Avoid at All Cost

  • Asian Session
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TraderWerks ♦
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