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Trading Crude Oil inventories

  • Post #1
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  • First Post: Edited 12:38pm Mar 29, 2023 11:02am | Edited 12:38pm
  •  Cashbear
  • | Joined Nov 2017 | Status: Member | 32 Posts
Hello everybody,

just some minutes ago i watched the latest numbers of "Crude Oil inventories" released at 16:30 GMT2.

There was a greeen number with minus, what means that the decline was higher than expected, right?

That means according to the "Forex school books", that demand was higher than expected and should push the price of oil upwards.

So the "normal" reaction should have been, after the release, that price moves up.

Attachement two shows what price was unfortunately doing right after the release....the contrary
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  • Post #2
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  • Mar 30, 2023 4:16pm Mar 30, 2023 4:16pm
  •  Cashbear
  • | Joined Nov 2017 | Status: Member | 32 Posts
Thats an article from "investing.com" concerning that strange oil behavor in the attachement: so i am happy that i am not the only one who was surprised by this down move (that costed me some money) cause after those "good" numbers i entered a long position that ended in the red after some minutes....
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  • Post #3
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  • Apr 1, 2023 4:15pm Apr 1, 2023 4:15pm
  •  tetis
  • Joined Sep 2007 | Status: LION HEART | 865 Posts
In my opinion, such news is dead news or burnt news
Most news is discovered by big brokers before it reaches you and me.
If you take a look at the oil chart, you will notice that there was an upward trend 3 days before the news was published.
And these big brokers take the small traders out of the market at a loss with a swing against the market at the time of announcing the news!
Therefore, the market trend should be investigated before announcing such news
 
 
  • Post #4
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  • Last Post: Apr 3, 2023 3:18pm Apr 3, 2023 3:18pm
  •  Cashbear
  • | Joined Nov 2017 | Status: Member | 32 Posts
Thanks, thats a good point worth observing
 
 
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