Crude Oil Inventories February 24, 2021

[JamesThatcher]

DOE Crude Forecast is -5190
DOE Gasoline is -3062
API Actual Crude is 1026
API Actual Gasoline is 0066

Will therefor use a forecast of = -2500 for Crude oil
Will therefor use a forecast of = -1500 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....
https://calendar.galaxysoftwareinc.com/ ... 02-23;r=M1

Last weeks DOE report didn't trigger for us but was very close!

See charts here....
https://calendar.galaxysoftwareinc.com/ ... 02-18;r=M1

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.

Thanks James