From the last EIA report, the SPR has 150 million BBLS remaining. So it will fill up in 75 days @ 2 million BBLS per day.
It could swing both ways on the chart. Still shorting this spike downward for now. Likely range bound until next leg up.
That's too bad....the 16 level held for about a nanosecond....LOL. 13.60-80 level held pretty well after the EIA report.
Yea, was on a call so can't manage the trade. Was looking to buy lower, but too late. I think this could go back to alot higher. It's volatile and tradable both ways.