With 36 minutes left until the weekend, these are probably not going much higher, today, my Crude pals! Mark my word they are going to $80 soon.
actually the last minutes are usually some of the strongest....but anyway...i think a lot of times when you see a "spikey" volume chart it tends to show a lot of speculation...and clearly there is not fundamental "panic" buying...so the bigger you are the harder you fall...spec guys have more to fear than commercial guys...
I often wonder about manipulated inventory numbers....but its kinda funny b/c theoretically its hard to manipulate an arbitrary number...in otherwords...is trading really based around these weekly releases...it gives a number and a "reason" to trade in a particular direction....but i think if the numbers were wrong in the press release....they have to be right somewhere...so if they say inventories are falling and they are really building...then the guys that really depend on correct inventory numbers are gonna be forced to trade in one direction or the other