5% - 10% profit per day trading

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Quote from usman88:

i have revised my target to 62.95. Ill post rationale if i get time
moved stop to 59.70 to lock in 10 ticks profit (current rate = 61.40)

moved stop to 60.95
 
note: API numbers were
crude stock piles: -4.3
gasoline : -4.3


U.S. Oil Inventories:
For week ended May 15.

Crude Gasoline Distillates Refinery Use
EIA data: -2.1 -4.3 +0.7 -1.9
Forecast: -0.7 -1.2 +0.7 +0.3

NEW YORK (Dow Jones)--U.S. crude-oil inventories in the week ended May 15 fell for the second
week in a row, according to data released Wednesday by the U.S. Department of Energy.

Crude stockpiles fell by 2.1 million barrels to 368.5 million barrels, the department's
Energy Information Administration said in its weekly report. That compared with an average
forecast of a 700,000 barrel draw in a Dow Jones Newswires survey of analysts.

Gasoline stockpiles fell by 4.3 million barrels to 204 million barrels, compared with an
average survey estimate of a draw of 1.2 million barrels.

Distillate stockpiles rose 700,000 barrels to 148.1 million barrels, matching analysts'
forecasts.

Refinery use fell 1.9 percentage points to 81.8% of capacity. Analysts had expected a
0.3-percentage-point gain.





Figures in millions of barrels, except for refining capacity, which is reported in percentage
points.

Forecasts are the average of expectations in a Dow Jones Newswires survey of analysts
earlier in the week.
 
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