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 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 PLATINUM WAY
At Platinum, we teach all individuals from different walks of life to become a full-time trader or create a secondary revenue stream by trading part-time. We trade in an Institutional Way by letting the market come to us and being patient. Using Platinum’s Trading system you can take many Pips out of the market. We can ensure using this style of trading your trading will make a turnaround as you will become much more consistent.
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