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Could be. But I'm curious, Bear. Unless you have access to a Bloomberg, Reuters or Dow Jones terminal, you are at the mercy of news and rumours.
How do you trade technically, unless your assumption is that the fundamentals are already "baked in" to the price?
I'd think that one outlying, Six Sigma event and you're done.
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Honestly though Cooter, I trade oil every day, and even if I had those news terminals, there's no way I could react quickly enough to read the data then trade on that news, or even have it reflect my trading actions. I'm sure you already know, but trading CL is mostly a bloodbath...it moves very fast, and spikes during the day....it's mostly whipsaw. Your right though, a big event could hurt me, but for now I can handle it - i'm not married and I have no children, but you are technically correct...I could blow up...but so can any speculator trading CL or any highly leveraged commodity for that matter.
So to answer your question, I use very little fundamental analysis....because personally I think by the time the news comes out...the spike has already happened at the exchange. It's OLD NEWS already.
Walter, I can't get the chart for CL because it's on my trading system not my net surfing system. The symbol is CL. If you can't get CL you maybe can get QM the mini contract, OR if you want you can see oil by looking at USO (United States Oil Fund) AMEX. You probably could get daily data on it from USO. USO is a good market for doing overnight trading on oil...and you can share size too.