Week Ended Change 04/10/09 04/03/09 04/10/08 Crude Oil Stocks +5.6 366.7 361.1 314.8 Crude at Cushing -0.8 29.2 30.0 - Motor Gasoline -0.9 216.5 217.4 217.8 Reformulated +0.3 1.7 1.4 1.8 Conventional +1.0 86.9 85.9 106.8 Blending Components -2.2 127.9 130.1 109.2 Kerosene-Type Jet Fuel +0.2 39.3 39.1 38.6 Distillate Fuel Oil -1.2 139.6 140.8 106.8 0.0015% sulfur and under -0.8 82.7 83.5 66.2 0.0015% to 0.05% sulfur +0.2 20.6 20.4 18.0 0.05% and greater sulfur -0.7 36.3 37.0 22.7 Residual Fuel Oil +0.0 36.2 36.2 39.4 Refinery Utilization* -1.4 80.4 81.8 - Crude Oil Imports +0.059 9.391 9.332 - Excluding SPR** *Percentage Points **Millions of Barrels a Day
I expect any bounce from here to limit till 49.50 max Theres no real buying taking place at 49.00 Large market orders in a low vol situation are buoying the market we are going down
just went short at 49.51 SL 49.57 we just hunted some stops and should now head lower. If we go above now 50.30 would be where i would be shorting again