RE:Oil markets on the weekendObscure1 wrote: I have a lot of experience in certain areas of the market and virtually none in other areas. In the past, I have always stayed away from what I don't know. The generosity of those on this board that share information and strategies has got me thinking about expanding my horizons a bit.
Picking up a trading position on Friday afternoon like I did yesterday seems like a dumb move on my part. Traders typically don't want to carry positions over the weekend because so much can happen without the ability to buy or sell for 2 1/2 days.
Do the oil traders take a break on weekends because the stock and options markets are closed, or are the wheels always turning?
Good question. Oil markets are closed from 1800 hrs on Friday to 1700 hrs on Sunday. Currency markets are essentially open 24/7.
That said, don't forget that politicians don't work weekends. I would be very surprised if anything significant happens this weekend. I bought some SU on Friday and plan on getting a good nights sleep again tonite and tomorrow night...lol