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Thread: US Crude Oil Inventories March 03, 2021

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  1. #1
    Join Date
    Mar 2021
    Posts
    1

    Default US Crude Oil Inventories March 03, 2021

    DOE Crude Forecast is -0928
    DOE Gasoline is -2300
    API Actual Crude is +7400
    API Actual Gasoline is -9900

    I'll use a forecast of -/+3000 for Crude oil
    Will therefor use a forecast of = -5000 for Gasoline

    Remember that Oil is a commodity. More oil is bad for the market price and vice versa. A positive deviation means a SELL on OIL and a negative deviation means a BUY on oil! So we must reverse the triggers!!

    Recent History
    Check out the move that API private report created last night here!
    See charts here....
    https://kenc4jbhyi.execute-api.eu-we...TAzLTAyO3I9TTE.

    Last week's DOE report gave us a very small T1... small move!
    See charts here...
    https://kenc4jbhyi.execute-api.eu-we...TAyLTI0O3I9TTE.

    Trade plan
    Trade on any oil symbol USOil, Crude, WTI, Brent etc
    We need both lines of data to arrive within a set time to trade. If it doesn't arrive within those times I won't fire a trade.

    For platforms without slippage, I will set the timeout to 100ms
    For platforms with slippage, I will set a timeout of 500ms


    T1 = 5900 dev, with max conflict of 2500 on Gasoline
    T2 = 6900 dev, with max conflict of 3500 on Gasoline
    T3 = 8000 dev, with max conflict of 5000 on Gasoline

    Additionally, we can set up another T1 trigger of +-5000 on Gasoline if Oil deviates by at least +-1750

  2. #2
    Join Date
    Mar 2021
    Posts
    2

    Default

    With the current Covid epidemic, oil price increases is something which does not seem very relevant. In terms of technical analysis, I still evaluate, from now to the end of April, it is likely that Oil will drop below 60 $, the available area will be 53 $ - 60 $.

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