US DOE Crude Oil Inventories

Fx News Spike Signals by Crazy Cat, 2018/01/31

Release Time: 10:30 New York time (EST)
Primary trading instrument: CL Crude Oil
DOE Forecast: 900
API Actual: 3229
Prior: -1071
LT1 (Lower Trigger 1): -3800 [BUY]
UT1 (Upper Trigger 1): +1500 [SELL]

This signal is for Futures traders as is not applicable to Forex market.

Over a year ago I posted my trading methodology for DOE Crude Oil Inventories. It involves "correcting" the forecast value and basically trading deviations from actual results from API Crude Oil Inventories that had been released 16 hours prior this report.

If you are not familiar with my method, please read this document first:

If you didn't trade Crude Oil before, it's absolutely necessary to test your broker first. Very often we just see an immediate spike so it's important to know if you can get a decent fill on that spike. Your results may and probably will vary based on your broker, location and subscribed service from us.

If you are SNW Professional user, you may not be able to trade this report at all. My method requires to edit and adjust Forecast value, and that can be done only with SNW Elite and SNW Enterprise. While, in many cases, this can be overcome by creative Math, another issue is the service speed which is same as SNW Elite.

If you are SNW Elite user, you may or may not be able to trade this report. You absolutely must test it first. While you are able to edit Forecast value as required by this method, SNW Elite is not as fast as SNW Enterprise on this report. The speed difference varies between releases but can be as much as over 300 ms. Since this report causes sharp price movements, SNW Elite may not be fast enough for this report. You absolutely must test it first, and test it for several weeks since news feeds performance is not constant and varies between each news release.

In fact, you can see speed variations right here:

If you are SNW Enterprise user, you should still test your broker first to make sure that the speed is sufficient enough for your broker and location.

Since yesterday US API Crude Oil Inventories came out at 3229, it is necessary to overwrite Forecast value for DOE Crude Oil Inventories. You must be either SNW Elite or SNW Enterprise user, and you have to double click on the Forecast value, and then you will be able to provide your own forecast value, in this case: 3229.

This week I recommend -3800/+1500 triggers - and IF and only if you were able to edit and change the forecast value to 3229.

Therefore, If US DOE Crude Oil Inventories comes out at -571 or less ( -3800 trigger from the edited forecast value), Crude Oil should go up by about 30-50 ticks. If it comes out at 4729 or higher ( +1500 trigger from the edited forecast value), Crude Oil should go down by about 30-50 ticks.

Please analyze my pdf document to see what kind of price action to expect. Again, it's available right here:

Good luck!

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