Futures pros
Futures are being traded on regular exchange. All trading is transparent, whole DOM (L2 data) available under the trader’s fingertips, the broker does not trade against his clients, and no illegal or shadow price manipulations are possible. Having said that, I’m not naive. I know what order book spoofing is, and how iceberg orders work, etc. To me, it is an acceptable “price” for fair market conditions.
Futures cons
Breaking into the futures trading is pricey. It requires investing in trading platform, market data subscription, and both usually require recurrent payments. There are platforms, that can be bought for final price, but my platform of choice is Sierra Chart, and it requires recurring payments. The competitors like Ninja Trader, Bookmap and maybe others offer to buy lifetime license. It’s really pricey, but incomparable with anything available in retail trading (Metatrader, cTrader, JTrader).
CL – The CVD shows heavy bullish volume with current break out down, and on Footprint we can see big bear pressure. It can mean that all long volume was absorbed and price likely will continue lower.
9/16/2022 CL today seems to me as likely rotational day for Crude. Open in prev. day VA, price tested VAL and VAH in first hour. I’m looking short / long extremes.
