The Energy Department yesterday released the weekly API reporting a 5.19 million barrels rise in inventories, opposing than the forecasted drop by 1.9 MB; nonetheless, gasoline and distillates inventories managed to drop. Meanwhile, investorsâ anxiously await the release of the EIA report later on today. Bearish report so I suppose we'll be up 2 bucks. Have a good holiday everyone!
I was wondering about him too. He was swinging the Jan contract, so maybe still holding it? If so, he has Goldman's trading desk on his side, as they were predicting $100 oil.
sim short .94 - they had to go and test it stop to be target LOD stopped out be still sim long .99 - if you can't beat them, join them stop 11 ticks :36 stop to be - this seems to have a very limited future Target 82.80-ish
crude is a beast...i dont know why its been so strong but it has....solid support, limited downside risk, good upside opportunity.