And of course there's no way that this inventory number could be completely irrelevant. Especially in December. Especially with bonuses on the line. Especially with nice fund gains to be defended. No, it's the government!
IMO daily crude chart is still very bearish. Most bottoms are a short, sharp spike down - capitulation. We have not see that. Only a down leg, consolidation, then an impulsive bouce off lows, did not make new highs....where's the capitulation bottom?
USO/oil was green today. Now closed red. http://stockcharts.com/h-sc/ui?s=USO&p=D&yr=0&mn=6&dy=0&id=p82903505119 __________________ Please, I'm not a daytrader, I'm an "Intraday Liquidity Provider" 1-888-TRADEUP