How the ES has reacted to EIA Petroleum Status Reports
EIA Petroleum Status Reports are considered high-impact news, yet how much do they impact ES futures?
In the 30 minutes after it gets reported at 10:30am ET, here's how ES has reacted the last 5 times:
Jan 4: 14.75-point range, closing up 0.21% after 30 minutes
Dec 28: 11.5-point range, closing up 0.25% after 30 minutes
Dec 21: 12-point range, closing up 0.12% after 30 minutes
Dec 14: 8.75-point range, closing up 0.20% after 30 minutes
Dec 7: 13.75-point range, closing up 0.09% after 30 minutes
Plenty of range there to make money... and plenty of range to get whipsawed out for a loss. so be careful.
Unless you have a specific strategy to trade the EIA Petroleum Status Report news, or you're in for a longer hold, consider sitting it out.
In the 30 minutes after it gets reported at 10:30am ET, here's how ES has reacted the last 5 times:
Jan 4: 14.75-point range, closing up 0.21% after 30 minutes
Dec 28: 11.5-point range, closing up 0.25% after 30 minutes
Dec 21: 12-point range, closing up 0.12% after 30 minutes
Dec 14: 8.75-point range, closing up 0.20% after 30 minutes
Dec 7: 13.75-point range, closing up 0.09% after 30 minutes
Plenty of range there to make money... and plenty of range to get whipsawed out for a loss. so be careful.
Unless you have a specific strategy to trade the EIA Petroleum Status Report news, or you're in for a longer hold, consider sitting it out.