After monitoring and trading crude oil futures for many years, day after day Monday-Friday watching the price action on a 5m, 15m, and many different types of tick charts we have come to realize there are more opportune times to trade oil futures than others.
The best time from our experience is the 8am-12pm time frame Monday-Friday. This is when you get the most volume and players playing all at once. We have the U.S. session just beginning while the Euro session is winding down. The overlap creates a nice environment to day trade or scalp /CL oil futures.
If you want to trade oil futures but do not want the risk that comes with /CL Futures you can look at using /QM futures as an alternative. They are half the size but also can yield nice profits. Happy Trading!