by admin | Mar 10, 2016 | Uncategorized
Glut in oil? Could be, but it is demand that could take this market higher. Gas demand gone crazy! Crude oil prices spiked as gasoline demand spiked after the EIA reported that gasoline demand is running at 9.3 million barrels a day, over 7% higher...
by admin | Mar 2, 2016 | Uncategorized
The DOE reported a HUGE buildup in crude oil inventory of 10.44MM, with expectations of only 7.9MM and bigger than API’s 9.9MM, crude oil sold off initially, then exploded higher. Look at today’s action on a 5 minute chart:
by admin | Feb 18, 2016 | Uncategorized
Yesterday and overnight’s recovery above Tue’s 33.78 initial counter-trend high in the now-prompt Apr contract is a relatively short-term event. And by remaining well within the bounds of the past month’s 36-to-29-range, it would certainly be...
by admin | Feb 4, 2016 | Uncategorized
This is the second time a recent crude oil inventory report came out bearish and the market rallied. What happens next?
