EIA Petroleum Status Reports are considered high-impact news, yet how much do they impact ES futures?
In the 30 minutes after it gets reported at 10:30am ET, here's how ES has reacted the last 5 times:
Jan 4: 14.75-point range, closing up 0.21% after 30 minutes
Dec 28: 11.5-point range, closing up 0.25% after 30 minutes
Dec 21: 12-point range, closing up 0.12% after 30 minutes
Dec 14: 8.75-point range, closing up 0.20% after 30 minutes
Dec 7: 13.75-point range, closing up 0.09% after 30 minutes
Plenty of range there to make money... and plenty of range to get whipsawed out for a loss. so be careful.
Unless you have a specific strategy to trade the EIA Petroleum Status Report news, or you're in for a longer hold, consider sitting it out.
In the 30 minutes after it gets reported at 10:30am ET, here's how ES has reacted the last 5 times:
Jan 4: 14.75-point range, closing up 0.21% after 30 minutes
Dec 28: 11.5-point range, closing up 0.25% after 30 minutes
Dec 21: 12-point range, closing up 0.12% after 30 minutes
Dec 14: 8.75-point range, closing up 0.20% after 30 minutes
Dec 7: 13.75-point range, closing up 0.09% after 30 minutes
Plenty of range there to make money... and plenty of range to get whipsawed out for a loss. so be careful.
Unless you have a specific strategy to trade the EIA Petroleum Status Report news, or you're in for a longer hold, consider sitting it out.
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That's why I put together insights from top traders on the market open.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Do you work full-time and trade part-time like me?
Or do you just want to trade for less than 2 hours / day?
That's why I put together insights from top traders on the market open.
Get it for free: tradingtruthseeker.com
Or do you just want to trade for less than 2 hours / day?
That's why I put together insights from top traders on the market open.
Get it for free: tradingtruthseeker.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.