michael6malone
Long

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

FX_IDC:USDWTI   WTI CRUDE OIL / US DOLLAR
16 0 1
2 months ago
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).
2 months ago
Comment: I exited my position for the number was not that high.
2 months ago
Comment: I am refering to the EIA inventory number for oil. Still made a profit though :)
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