Crude Oil Inventories - February 18th 2021
DOE Crude Forecast is -2426
DOE Gasoline is +1397
API Actual Crude is -5800
API Actual Gasoline is +3900Will therefore use a forecast of = -4000 for Crude oil
Will therefore use a forecast of = +2500 for GasolineRemember that OIL is a commodity, so 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!!Check out the great move that API private report created last night here! Nice spike and continuation!
See charts here...
calendar.galaxysoftwareinc (dot)com/#/calendar;i=29263;t=2021-02-17;r=M1
Last weeks DOE report didn't trigger for us but was very close!
See charts here....
calendar.galaxysoftwareinc(dot)com/#/calendar;i=28647;t=2021-02-10;r=M1
Trade plan..
For non-slip platforms will use a timeout of 100ms
For platforms with slippage will use a timeout of 500ms
T1 = 3900 dev, with max conflict of 1500 on Gasoline
T2 = 4900 dev, with max conflict of 2500 on Gasoline
T3 = 6000 dev, with max conflict of 3500 on Gasoline
Additionally, we can set up another T1 trigger of +-5000 on Gasoline if Oil deviates by at least +-1750
On platforms that allow slippage control, we can run the same setup but allow GAS conflicts up to 5000 on all triggers.
Qui velit voluptatem quis et. Aut et eos pariatur praesentium necessitatibus minima. Dolor dicta magnam accusantium enim enim. Laboriosam enim omnis voluptates quo molestiae aut est. Sit maxime ab totam.
Ipsam fugiat ut iure architecto et natus atque. Molestias beatae qui voluptas adipisci. Distinctio alias quo minima quas.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...