crude oil inventories

CRUDE OIL INVENTORIES

The forecast for this weeks crude oil inventories was -4.2M but the actual outcome was -10.8M coming out with a big difference. After the release we could see movement to the up side and we got Support and resistance confirmed with an eventually break of the Resistance area, exactly what you would expect with an outcome like this. But….. as usual we always play the game with our levels and never trade against our base rule trading system . Our first setup was a long setup for an eventual loss and we saw price pulling back into our support area and eventually breaking it. It was time to trade against those numbers that where screaming to the up side, going short right above the hole number $57.00. It was difficult to leave the 57 area but when we eventually broke $56.85, price plunged down taking out both of our targets and ending the day with a home run.

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 July 24th 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.

TRY THE ONE TIME ONE-MONTH TRIAL FOR $149.50, YOUR FIRST MONTH WITH A 50% DISCOUNT!

WHAT YOU WILL GET:

  • 1 FULL TRADING MONTH INTO THE LIVE DAY TRADING ROOM – VALUE $299
  • TRADING SPREADSHEET STOCKS, OPTIONS, FOREX AND FUTURES – VALUE $199

YOUR OFFER TODAY: $149.50 INSTEAD

OF FULL PRICE $499

 

Live Trading Room

Live Trading Room

Use this coupon code: TRIALTRADEROOM for the 50% Discount!

NO Market replay is involved, date and time are always visible in the windows taskbar! In market replay time from trading platform and taskbar will not match!

DON´T FORGET TO GET YOUR FREE COPY OF THE E-BOOK ´´ THE BENEFITS OF A RULE BASED TRADING SYSTEM´´

Hope this helps,

Alexander Soares


Also published on Medium.