Gotcha, thanks. Where can I find the numbers released by API. The API website requires paid subscription. I'm not that crazy about the specifics to actually pay for it.
In not a member of their website either. I do use this website: http://countryhedging.com/commentary.asp The usually post the API numbers 5-10minutes after they come out in the "Afternoon Energy Wire" .. They didn't yesterday for some reason though.
I'm not too sure whether technical patterns like head-and-shoulders apply to this market. My observation so far makes me think it does not. Anyway, i see an IHS forming in the AH session. Could we get a melt-up from here? Not that it really matters since I hold no position tonight. Still I'm hoping for it to travel north so I can hitch a ride south when it does turn.
This is a classic V and almost always results in an upward move. Btw I have exited all my shorts initiated at 80.10 at 70.80 for 30 ticks profit per lot