crude oil inventories

CRUDE OIL INVENTORIES

The forecast for this weeks crude oil inventories was 1.2M and the actual outcome was 7.1M for this week giving us a major diferance between the previous outcome. After the release it was not clear what the direction was, we had to wait for  of the numbers we saw some good volatility but the market was very nerves. We had to wait 15 minutes to eventualy see a break of the established Resistance Area. So price was trading above support and it was time to look for long setups.  2 setups in total appeared on our trading chart, the first setup giving us a profit of $890 and a reentry giving some of the profits back for the day but ending up by $410.

The trading plan we use for the release of crude oil inventories has a tremendous track record and the context of tested and proven trade plans that grow a trader´s equity.

There are off course always times that it will be challenging but we always keep disciplined, never let your emotions play any part in your trading! Let the system and trading plan do the job.

Live trades taken in the Live trading room on Wednesday 06th March 2019:

I continue to post the live day trading videos on my Youtube Channel where you can find more live trades from the last 4 years, all taken live in our Live Trading Room.

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Hope this helps,

Alexander Soares