RE:RE:RE:Any of you gonna risk holding for EIA if we open higher?Snowballer wrote: I appreciate your input. Glad to hear others are confident in their analysis to hold through EIA. Would hate to cut my gains short. But I am trading on margin and I hate sleeping on borrowed cash if it goes the other way. We'll see how she goes today.
I would certainly hold through the EIA report. Obviously, a lot of imports did not make it to storage in time to be included in last week's inventory tally due to Hermine. The EIA is reporting data for the same time period as the API so this should be reflected in their data as well. I predict EIA will report a massive draw which will further push oil price higher.