Crude Oil Inventories - February 18th 2021

[JamesThatcher]

DOE Crude Forecast is -2426
DOE Gasoline is +1397
API Actual Crude is -5800
API Actual Gasoline is +3900
Will therefor use a forecast of = -4000 for Crude oil
Will therefor use a forecast of = +2500 for Gasoline
Remember that OIL is a commodity, so 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!!
Check out the great move that API private report created last night here! Nice spike and continuation!
See charts here....

Galaxy Economic Calendar

calendar.galaxysoftwareinc.com

Last weeks DOE report didn't trigger for us but was very close!
See charts here....

Galaxy Economic Calendar

calendar.galaxysoftwareinc.com

Trade plan..
For non-slip platforms will use a timeout of 100ms
For platforms with slippage will use a timeout of 500ms
T1 = 3900 dev, with max conflict of 1500 on Gasoline
T2 = 4900 dev, with max conflict of 2500 on Gasoline
T3 = 6000 dev, with max conflict of 3500 on Gasoline
Additionally, we can set up another T1 trigger of +-5000 on Gasoline if Oil deviates by at least +-1750
On platforms that allow slippage control, we can run the same setup but allow GAS conflicts up to 5000 on all triggers.