Oil Trading Morning Trade
The oil trading morning trades are the most profitable crude oil trades when it comes to trading the oil market.
When it comes to the oil trading the most active oil trading times are during the times when banks in Europe are open (London oil trading time) and the time when the USA oil trading banks are open (New York oil trading Time). But for most businesses around the globe most of their trading activities is carried out early in the morning, very few trades are carried out by global companies in the afternoon.
This is the observation that is has been made by most traders who regularly trade the crude oil market. Trader will observe that at London market open the crude oil market will move quite a number of pips steadily for few hours, then after these hours the crude oil market will begin to retrace or consolidate. Then comes the New York Morning time and during the first few hours the crude oil market will then move quite a significant number of pips & then after these hours the crude oil market will then begin to consolidate or retrace most times until the morning time of London market.
Generally these 2 times are when 70-80% of all market movement will take place. These are
- London oil trading morning trade time
- New York oil trading morning trade time
So in GMT time what are oil trading morning trade times of these two oil markets?
From the above oil chart the only Oil Trading Morning Trade we want is the London oil trading morning trade & New York Oil Trading Morning Trade:
- London oil trading morning trade time - 8:00 - 11:00 GMT
- New York oil trading morning trade time - 13:00 - 16:00 GMT
Now the Oil Trading Morning trade for our trading will only be 3 hours because for the morning oil trade as a trader you want to close your trade before crude oil price starts to retrace or consolidate.
So as a oil trading morning trader these will be your oil trading time for opening and closing crude oil trades. If you decide to open a oil trading morning trade you should close it within the 3 hours morning time because after these morning hours most crude oil trades by financial institution will already have been executed and therefore after these few hours the liquidity in the crude oil market goes down and the crude oil price movement will slowdown.
Oil Trading Morning Trade - Trade Opening Hours
A chart of oil trading morning trade times for both the London oil trading morning trade & New York Oil Trading Morning Trade.
