Crude Oil- interesting that the algos bought on the draw news, then the traders sold it off hard after they saw the reports. Earlier I posted the comment from John Kemp at Reuters that the Brent WTI spread meant a guaranteed profit for WTI exports and sure enough the exports went straight up off the chart helping to explain the big draw.
key time, strong up here then it's higher low bears are over.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.