Crude Oil & NG Trading

[TraderRavi]

This thread for crude oil trading at MCX.

 

[TraderRavi]

 

[TraderRavi]

 

[TraderRavi]

U.S. Crude Oil Inventories

Latest Release Nov 04, 2015
Actual 2.847M
Forecast 2.787M
Previous 3.376M

slightly bearish
crude reaction : fell from 47.5 to 46.16 low
range for the day 48.29 - 46.16 , open- close 47.74 - 46.32, over 3% down

 

[TraderRavi]

U.S. Crude Oil Inventories

Latest Release Nov 04, 2015
Actual 2.847M
Forecast 2.787M
Previous 3.376M

slightly bearish
crude reaction : fell from 47.5 to 46.16 low
range for the day 48.29 - 46.16 , open- close 47.74 - 46.32, over 3% down

shorted @ 47.3 , covered @ 46.45 & 46.30

 

[TraderRavi]

strong jobs report came in US 271k vs forecast of 180k
chances of fed rate hike in dec now very high. USD surged after the report.
Gold/silver/crude fell.
shorted crude @ 45.3 covered @ 44.6.
as 44.6 was forming the bottom but it then fell to 44.25.
gone long against the trend , bottom fishing @ 44.3 , it rose upto 44.69.
but fell again . covered @ 44.5.
rigs count report @ 11:30pm.
for the record Gold fell from $1108 to $1086 after the jobs report.

 

[TraderRavi]

inventory data to be released today @ 9:30 pm. crude is trading at multi week low $42.2. broke 42.6 support of 27th october.

 

[TraderRavi]

inventory data to be released today @ 9:30 pm. crude is trading at multi week low $42.2. broke 42.6 support of 27th october.

inventory report was bearish as expected , short @ 42.28 covered @ 41.68, most of the action happened before report today , may be due to yellen speech.