Weekly Crude Report

J

Jdesey

I want to make sure I got this correct... the report is released at 9:30 AM CST/Chicago time on Wednesdays...

I understand that alot of CL traders opt to stay out of any trade for the 10 mins before and 10 mins after the report is released due to substantial volatility...

Is that all correct?
 
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Jdesey said:
I want to make sure I got this correct... the report is released at 9:30 AM on Wednesdays...

I understand that alot of CL traders opt to stay out of any trade for the 10 mins before and 10 mins after the report is released due to substantial volatility...

Is that all correct?
More...
the time is correct...the 10 mins before and after I'm not sure about that. I don't carry a position into the number but I don't mind flattening out a minute or so before the number and I'll sometimes get in right after the number is released, sometimes I'll wait a few mins.
 
got ya.... yeah, it is pretty obvious on the charts that it can go crazy when the report is released... we went up 70 ticks then down 90 in just 6 minutes... can you say stop out!
 
algofy said:
the time is correct...the 10 mins before and after I'm not sure about that. I don't carry a position into the number but I don't mind flattening out a minute or so before the number and I'll sometimes get in right after the number is released, sometimes I'll wait a few mins.
More...
The time is correct assuming you are using central time.
 
Jdesey said:
got ya.... yeah, it is pretty obvious on the charts that it can go crazy when the report is released... we went up 70 ticks then down 90 in just 6 minutes... can you say stop out!
More...
Doesn't have to be stop out if you're playing very short term. The first pop is usually untradable as it happens right off the number most of the time. After that it's usually tradable.
 
algofy said:
Doesn't have to be stop out if you're playing very short term. The first pop is usually untradable as it happens right off the number most of the time. After that it's usually tradable.
More...

What explained today's "pop" down for a buck 50 at about noon ET? Fascinating.
 
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