US Crude Oil Inventories March 03, 2021

Discussion in 'Commodity Futures' started by JamesThatcher, Mar 3, 2021.

  1. 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-w...NhbGVuZGFyO2k9MzI5NzQ7dD0yMDIxLTAzLTAyO3I9TTE.

    Last week's DOE report gave us a very small T1... small move!
    See charts here...
    https://kenc4jbhyi.execute-api.eu-w...NhbGVuZGFyO2k9MzAxMzE7dD0yMDIxLTAyLTI0O3I9TTE.

    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