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Thread: US Crude Oil Inventories March 03, 2021

  1. #1
    Join Date
    Mar 2021

    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....

    Last week's DOE report gave us a very small T1... small move!
    See charts here...

    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


    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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