Oil Inventory

I don't know if it would shock anyone that I don't listen to or watch the weekly oil inventory report when it is first released. I know when it's coming and I do not trade in front of it, but I don't need to know what it says when it's released.

I just follow the chart.

Hit target with this trade after the report and didn't have anything else line up for the rest of the day.

I watched the YM when the Fed announcement came out and it seemed to like whatever the Fed had to say. Has the DOW put in the bottom on this bear market?

1 Minute Crude Oil Chart

1 comment:

Jules said...

I don't care about data too. I just know when they are released, and wait for my charts to do what they want to do in response to the new info...