I got smoked, donated a lot of money to CL today, anyone who killed it should thank me for the donation
Let me replay the first minute after the report: Some shorts got the number, what? not that bad as I thought, damn, better cover, and price shot up 40 cents in 5 seconds. Sideliners got the number, an increase in inventory, it should go down, let's sell, and price tanked 60 cents in 20 seconds. More traders took a look at the number, not a disasterous number at all, just a slight increase, forget about it. Those heavy shorts didn't get what they wanted: a big drop, their original plan of covering at below $60 was not going to happen, so they started to cover, that started an unstoppable rally, the rest is history.