Crude Oil Inventories – 2018/01/18

Date: Thursday 18th January 2018

Time: 16:00 UTC

Today we see the Crude Oil Inventories for the week. This is a figure for the Futures traders. As always, if you haven’t traded this figure before, please test it on the simulator, Crude Oil can be very volatile.

When we trade Crude Oil Inventories, we find that we get better results if we adjust the forecast based on the API Weekly Crude Oil Stock figure from the previous day.

Setting up procedure

This week we are adjusting the forecast to -5.121.

Prior Forecast Buy Sell
-4.948 -5.121 <-6.420 >-1.822

Once News Trader Pro has been setup correctly, it should look like this:

News Trader Pro with Conflict Manager

As always, make sure you set the auto-click locations, and we advise hitting load on News Trader Pro 60 seconds before the scheduled release time. Good luck!

Post-News Analysis
Forecast Actual Trigger
-5.121 -6.861 Buy

Crude Oil Inventories came out much lower than expected and triggered a buy trade. Crude Oil spiked 29 pips and retested in the second minute, so there was opportunity for a good exit. Our trade can be seen below. We were only in the trade for 30 seconds, we exited on the second push into 71, for +16 ticks.

Crude Oil Inventories - Spike Trade

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