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Forex
United States Crude Oil Inventories June 3 2021
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[QUOTE="JamesThatcher, post: 112982, member: 34019"] I will use forecasts of: DOE Crude Oil Inventories -4000 DOE Gasoline Inventories +1000 Today's trade plan If I get a deviation of -/+ 4000 in either direction from the forecast on Oil and no conflicts from Gasoline, we can expect a sustained move from Crude Oil or Brent. Please note that I have used hybrid forecasts to accommodate the following: - Forecasts and API. 1) DOE Crude Forecast = -2533 (BB) 2) API Actual Crude = -5360 3) DOE Gasoline Forecast = -1479 (RT) 4) API Actual Gasoline = +2510 Tradable pairs USDBNT USDOIL Hope this helps but please do your own analysis!! Good luck!! James Thatcher Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. [/QUOTE]
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United States Crude Oil Inventories June 3 2021
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