Good Morning all. Day #9 of covid for me. Still not better but mostly out of the woods. Plenty of energy to trade today while I'm locked away in my prison cell......i mean spare bedroom.
EIA oil report at 10:30 am taken constructively despite the rise in crude inventories.....as gasoline inventories dropped indicating decent demand. $40.40 appears to be the line-in-the-sand for the WTI crude bulls. Fundamental analysis calls for WTI at $30-$35....so OPEC is doing a good job. No free market here...LOL.