Crude Oil is always an interesting market to study and trade. Today was more interesting than normal with an intra-day gap down on the Weekly Inventories Report.
SR CounterTrend started shorting early, before the report, and hit its profit target on the news from the Weekly Inventories Report. The Weekly Inventory Crude Oil trading system shorted Crude Oil initially on the news but was stopped out for 30 points and then went long and hit a 70 point profit target. SR CounterTrend Crude Oil also had another short trade after our initial short. The second short was a loser. Overall, the strategies called some profitable signals today.
Gap Fill and Reverse would have had a long trade had the market dropped a few more ticks. That would have been a nice trade.
You can get the open code in EasyLanguage and C# for Crude Oil Gap Fill and Reverse, Crude Oil Weekly Inventories, and Crude Oil After Hours from our members area at: