CL Redux

89 is feeling like the real deal, 3 holes in the armor but who knows 11:00 might give it the finishing blow. Hard to imagine though because API was so bearish.

 

Although as market profile theory states... The more often a price is visited the less buying interest there is. If there was real interest it would take off. RIGHT!?! Since there is some freaking stupid ass news report every half hour luck trumps skill sometimes.

 

(flyonthewall)
Crude Inventories 2.62M build vs.consensus 500,000 draw. Gasoline Inventories 4.44M build vs. consensus 2.5M build. Distillates 1.04M build vs. consensus 1M build.

 

What does 'build' and 'draw' mean, can anyone explain this a bit more?

 

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Commence blood bath please

 

http://www.reuters.com/article/idUSTRE6BD61U20110120

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Do you guys think we've bottomed for the day or just a dead-cat bounce?

 

Picaso, friends don't let friends think and trade!

 

Damn, I keep forgetting - sometimes I wish I was still blond

OK, OK, I get it... Thanks Nod

 

Half out 89.37