August 29, 2012
- in Uncategorized by schooloftrade
CRUDE OIL INVENTORY PREP:
– News comes out 10:30am EST
– We sit on hands 15-minutes below
– 2 Aspects of this report
:Inventory Report
:Demand Report
Today they are calling for a -1M (draw on inventories)
Scenario 1: Inventories are lower
– More Demand? Less Supply?
– The Demand Report will confirm this
Scenario 2: Inventories are higher
– Less demand? More Supply?
– The Demand Report will confirm this
Scenario 3: Inventories are as-expected
– The market will trade sideways, priced into the news
– Be patient and wait for a new direction.
