Hello everybody,
just some minutes ago i watched the latest numbers of "Crude Oil inventories" released at 16:30 GMT2.
There was a greeen number with minus, what means that the decline was higher than expected, right?
That means according to the "Forex school books", that demand was higher than expected and should push the price of oil upwards.
So the "normal" reaction should have been, after the release, that price moves up.
Attachement two shows what price was unfortunately doing right after the release....the contrary
just some minutes ago i watched the latest numbers of "Crude Oil inventories" released at 16:30 GMT2.
There was a greeen number with minus, what means that the decline was higher than expected, right?
That means according to the "Forex school books", that demand was higher than expected and should push the price of oil upwards.
So the "normal" reaction should have been, after the release, that price moves up.
Attachement two shows what price was unfortunately doing right after the release....the contrary