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Buxton ND | We have erased all of yesterday's gains in crude and then some.
Very heavy selling into the pit close.
So there was some "big NEW news" and it was very short lived*****
Where's all the bullish money that's gonna take crude higher ?
My guess is that bullish money is as nervous as a short tailed cat in a room full of rocking chairs watching crude stocks set all time record levels for so many weeks I've lost count.
Some say crude back to 70-80 but we can not even muster up enough buying action to do a very simple 38% RT to 65
So "WHERE'S THE BEEF" (BUYING) ? ? ? | |
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Refinery Utilization ready to increase weekly demand by about 9 myn bbls..
