GDP is the last hurdle for JanIt's a race now who will come out with market-sensitive data first, China's growth or the global recession? We're still riding the wave for the 3rd week since China reopened and today is the 5th consecutive session above $80 but tomorrow is the last hurdle in Jan GDP and Durable Goods. Consensus for GDP which is at 3.2% will come in lower at 2.6% which doesn't seem like a drastic drop but I remember posting data through Q4 that continued to erode the only positive data was job creation during that window and Oil ended up averaging $82 reflecting the data being released so I'm thinking that GDP would be a lot lower than 2.6% and Durable Goods for Dec is expected to improve from -2.1% up to 2.5% which could soften the blow from lower GDP the thing is that the numbers are out 8:30am so overseas could be influenced before passing the torch to US but they always swap spit between 9-9:30. So far Oil has rallied from $74 to $82.70 off of China now that the initial hype is coming off right now data is required for the market bulls but they have been strong enough to push Oil higher from every US sell-off and if GDP is read positive could it push Oil past $82 we'll know tomorrow what we're handed and should Oil start trading deep into $79 I feel that we're all expecting it too but its been a great bull run so far as we're still above $80 that the only fact we know. GLTA