The EIA Crude inventory came out at 7:30 am.
Actual -7.990M Forecast -2.346M Previous 0.090M.
Very bullish for crude prices, reacted as expected until it hit $66.80 then slammed down. Overall...I expect the market to take out the $66.80 as we are now recovering. Still...one wild ride that happened in an instant!
Actual -7.990M Forecast -2.346M Previous 0.090M.
Very bullish for crude prices, reacted as expected until it hit $66.80 then slammed down. Overall...I expect the market to take out the $66.80 as we are now recovering. Still...one wild ride that happened in an instant!