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CL inventories correlations and signals

2020.02.09 Indicators Experts

Specification

Analysis:

1.      Correlation between Crude Oil inventories and Cushing oil inventories. Correlation should be checked on Investing.com data & MT4\5 servers.

2.      Specifications and background:

a.      Every Wednesday there is Crude Oil Inventories announcement by USA officials. This event considered a major event in trading.

b.      At the same time, more info is released to market – Cushing Inventories is one of them.

c.      Cushing is a city in USA, where around 70% of US oil production and storage is located.

d.      Prior to Crude Oil inventories, there is a forecast on what the announcement is going to be.

e.      No forecast to Cushing inventories.

3.      Desired impact\analysis:

a.      Correlation between CL and Cushing announcements.

b.      How big is the effect (in pips) in the following time frames:

                                                    i.     5 min

                                                   ii.     10 min

                                                  iii.     15 min

                                                  iv.     30 min

                                                   v.     1 hour

c.      How a&b changes based on the difference between forecast and actual?

d.      How a&b changes when adding news of previous week and effect on market?

                                                    i.     And when considering the difference between actual and forecast from last week?

4.      Analysis is requested on min 1 year and as far Cushing Inventories data exist.


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Project information

Budget
30+ USD
For the developer
27 USD

Customer

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