Best Crude Oil Trading Time
There are Best Oil Trading Time that oil prices will move more because there is a lot of transactions volume & these market hours are the best to trade. So before looking at these Best Oil Trading Time & what makes them the best hours let us look at the individual trading hours that when combined make the Best Oil Trading Time.
The three biggest economies in the world are
USA
Japan
UK
The EuroZone though not a single economy, markets trading time is the same as that of the UK, so UK will represent Euro Zone & UK.
Asia Best Oil Trading Time
The Asian Best Oil Trading Time start from 1:00 to 9:00 GMT. Asia time session will take into account the times when the Asian stock markets are open, same time when major Asian Banks are open for trading & carrying out oil trading transactions.
London Best Oil Trading Time
This is the time when the stock markets in the London & EUR Zone are open for Trading. Big banks & financial centers in these capitals are also open & major volumes of oil trades are carried out to settle global trade deals.
USA Best Oil Trading Time
American is the financial capital of the world, the USA Best Oil Trading Time move the highest volumes in terms of crude oil trades and International trade deals. This make the USA market hours the best time to trade.
Best Oil Trading Time Overlap
What is Best Oil Trading Time Overlap? These are the times when 2 financial centers are both open at the same time. For Examples
- Asia & London Markets Best Oil Trading Time Overlap - 8:00 to 10:00 GMT
- London & USA Markets Oil Trading Hours Overlap - 13:00 to 18:00 GMT
These are the times when most transaction volumes are carried out and total trade transactions placed are more than any other time in the oil market.
Therefore combining these two market sessions as trader you want to place your trades within these oil market hours.
Best Oil Trading Time
Asia(Partly) and London & USA Overlap - 8:00 to 18:00 GMT
This gives traders a total of 10 hours which are the most profitable. To determine this hours in your GMT time just add or subtract the GMT time of your country depending on your time zone from the above oil market hours.
