Learn how to trade the latest crude oil report

Today we will be discussing the crude oil inventory report which is released every Wednesday at 3.30pm GMT. The crude oil inventory report measures the Change in the number of barrels of crude oil held in inventory by commercial firms during the past week, the reason why we care about this event is because It influences the price of petroleum products which affects inflation, but also impacts growth as many industries rely on oil to produce goods. This in turn will make oil prices either go bullish or bearish dependant on the figure released. We then use our 4th Zone reversal strategy on the forex algorithmic trading system to take advantage of the moves made by the market during the event.

  • Discussing report importance (0:09)
  • Looking at chart and system to trade (1:28)
  • Free 1-2-1 session with trader (2:52)

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The information you’ll find in this article is for educational purpose only. We make no promise or guarantee of income or earnings. You have to do some work, use your best judgement and perform due diligence before using the information in this article. Your success is still up to you. Nothing in this article is intended to be professional, legal, financial and/or accounting advice. Always seek competent advice from professionals in these matters. If you break the city or other local laws, we will not be held liable for any damages you incur.