IMPACT OF API INVENTORY ON CRUDE OIL ON 27.11.2012..........28.11.2012
ALERT :- CRUDE OIL INVENTORY HAS COME FROM AMERICAN PETROLEUM INSTITUTE @ +1.96 AT 16:30 PM NEW YORK TIME YESTERDAY, EXPECTED @ +1.23, PREVIOUS @ -1.92. AFTER COMING THE INVENTORY CRUDE OIL DROPPED FROM $88.15 AND TOUCHED @ $86.85 ALSO, MEANS CRUDE BECAME DOWN -$1.30. TODAY ON 28.11.2012 AGAIN CRUDE OIL INVENTORY WILL COME FROM ENERGY INFORMATION ADMINISTRATION (EIA), USA AT 10:30 AM, CURRENT NEW YORK TIME AT 02:02 AM. BUT BEFORE INVENTORY US NEW HOME SALES DATA WILL COME AT 10:00 AM, IF NEW HOME SALES DATA COME POSITIVE THEN IT WILL BE POSITIVE FOR CRUDE OIL AND THIS OPPORTUNITY WILL BE SELLING OPPORTUNITY FOR CRUDE BECAUSE NEXT DATA WILL BE CRUDE OIL INVENTORY DATA, BECAUSE EARLIER CRUDE OIL INVENTORY OF API HAS COME MORE POSITIVE IN COMPARISON TO EXPECTATION AND IS HUGE POSITIVE FROM LAST INVENTORY, NET INCREASE FROM THE LAST INVENTORY IS +3.88 WHICH IS MORE POSITIVE. IF CRUDE OIL INVENTORY WILL COME POSITIVE FROM EIA THEN CRUDE OIL WILL BE MORE DOWN.
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