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.