A rise in gas prices affects virtually everything we do in our daily lives. From commuting to public transit all the way to the food we eat, rising gas prices can cause an increase in other prices.
One way we like to offset the rise in gas price is through our trading of crude oil and if you consider that approx 70% of the price of gas is due to the price of crude oil, it’s not a bad play.
Why not profit from the very thing that is driving up the prices of other things we use in our daily lives?
While we may end up paying more for everything, we can offset the increase by trading crude oil futures and one of the best times to trade crude oil is during the inventory report.
Crude Oil Inventory Report Trading
You’ve seen me post our weekly crude oil report trading with Counter Punch Trader and have probably seen this equation:
Crude oil inventory numbers + move in price + Counter Punch Trader = $$
We are not hoping the answer to the equation is an increase in our trading account – the answer continues to be winning trades.
I am unable to recall the last losing session and the fact that I can’t remember without looking at my statistics says a lot about the trading system and trading plan we use.
It took two trades to reach our goals this session and you can watch the video below to see how we did it.
The Crude Oil Inventory Report happens once per week, usually on Wednesdays at 10:30, et. On holiday shortened weeks, it takes place at 11 am.
You can find many other crude oil videos of this session on our Netpicks YouTube channel
If you take nothing else away from this video other than learning about a great day trading method, take away the fact the consistent discipline, combined with a well tested, proven trade plan is the pathway to ongoing trading success.
For more information on how you can get involved with the Counter Punch Trader, or my newest strategy, the Spotlight Power Trader, please inquire at firstname.lastname@example.org.