RE:RE:RE:RE:API...orlandofl wrote: bago wrote: This is all true but the release always moves the market and I doubt oil will open up tomorrow and then if EIA shows the same or worse the drop will accelerate. API showed a build in oil, gasoline and distillates and not small builds either so we definitley need something different from EIA tomorrow...glta
I expect over $1 drop in oil tomorrow with possibly reversal if EIA shows a big draw
sick of this yoyo ride. 3.2 million drawdown expected and API has a 2 million build??? LOL, back down we go I guess... EIA shows a draw of less than 3.2 million and likely oil goes down anyways, too much negative sentiment out there already, and this just adds to it. All you can do is keep adding at low 7ish, if you have any spare ammo... which I dont unfortunately.