I am going long to 45.77 with a stop at 44.32.

2016Sep21 I am going long to 45.77 with a stop at 44.32.

The EIA and API numbers are usually close when the API reports a much larger than expected drawdown or build.

This is really a rather high risk trade for the API and EIA have differed considerably in the past.

I chose my target based on the resistance levels set on 2016Sep08, 2016Aug30. My stop is based on the support
that begins around the 44.32 price level (2016Sep15).

Komentar:

I exited my position for the number was not that high.

Komentar:

I am refering to the EIA inventory number for oil. Still made a profit though :)