Inventory numbers I think we are going to see a lull here , minor pullback . Unless we get a nice inventory draw , the last 2 weeks have been gains in stocks . They are calling for a 100 k barrel gain. So fairly flat. So I am hoping we show a nice draw. We have had a nice run of late and it feels like there will some profit taking ?
The current bid is 7.41. This is early and the market does not open for 2 more hours. However it's lower than the previous close. I don't see much out there ther coukd cause this rally to continue. Except time with a good trading range for oil. Just feels different right here and I think we could see a sell off and some consolidation.
All is good and it's just a thought. No real reason , more a guy feeling. Although not unlogical
Good luck all
C