US EIA weekly oil inventories week ending 27 October 2017
- Prior 856k
- Overnight private data -5.100m
- Cushing 0.090m vs -0.237m prior
- Gasoline -4.020m vs -1.506m exp. Prior -5.465m
- Distillates -0.320m vs -2.128m exp. Prior -5.246m
- Production 9.553m vs 9.507m prior
WTI drops arounf 30 ticks to 54.69 on the data as the draw was more than expected but not as much as flagged by the private data.
WTI is finding it a struggle to break into 55.00 but a rebound here might have another crack.
WTI weekly chart
Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
Philosophy: “Don’t be a Dick for a tick”
Read how Ryan got into trading here
Latest posts by Ryan Littlestone (see all)
- The last NFP competition of 2022 - December 1, 2022
- Will this month’s US NFP be a horror show? - October 4, 2022
- US NFP competition – Do you think there’s going to be a turn in the US jobs market? - August 31, 2022
$CL_F clz17 I see stops down to 53.62 53.34
We could be on the way there if this 55.00 level doesn’t crack soon.
My take on what happened today https://youtu.be/3qS9kNrNVpU