Saturday, May 9, 2009

Oil EIA

http://tonto.eia.doe.gov/oog/info/twip/twip_crude.html

This is the chart from last EIA, we see the continue increasing in OIL inventory. If this week, the inventory is DOWN, then it is bullish for OIL to continue move higher. If the inventory is up again, then I'd think this is bad for OIL.

1/14 Prep for OE and back test the wedge line
1/22 All eyes on OIL EIA

No comments:

Post a Comment