Topic: trade us crude from first news release

Hi All,

First post from me and wanted some thoughts on my findings on trading us crude futures just after news US important news releases.

Ive been monitoring the price movements of us crude after the first US news release of the day and over the last 4 months have made over 500+ pips a month each month so far.

basically, i take a reading from the 10 min chart (i use spread companies like tradefair charts not MT4), after the first news realease of the day, if its moved up i buy and if down i sell (i wait until the 10 min candle has closed)- basically following what the price is doing. i have a 100 pip TP and a 90 pip SL.

To the more experienced out there ... is this a sensible strategy or is this just a straight forward gamble (50 50 if you like) and ive just been lucky so far ??

thanks in advance for any advice given.

Re: trade us crude from first news release

Hi Huggim,

Many thanks for the post, it's a good question about oil trading for investors.

We post news about both WTI and Brent oil prices several times each day and generally the trading price of oil can be roughly tracked as and when relevant news hits the market which may alter the oil price either way.

Here's a story we posted on oil prices in 2010 for the 3rd and 4th quarter of 2010:

http://www.liveoilprices.co.uk/oil/oil_ … -2010.html

Of course, that's a longer term view, but in a short term view of trading oil for investors and which tools to use, your already on the right track.

Seems like your doing well with this..!

If you follow us with oil news updates, that could also give you an idea of what the price of crude oil will do on a daily basis. We also have the day's opening oil prices on our homepage (under our logo) which is a good indication of how oil prices could perform in the day.

I hope this helps!