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Passionate about the markets and Technical Analysis. The learning never stops!

Wednesday, March 15, 2017

US Crude Oil Inventory Report out tonight . How will it play out for oil stocks?


The price of Crude Oil suffered a steep plunge after the latest the Weekly Petroleum Status Report showed that US crude oil inventories had risen to an all-time high.
Is the picture getting bearish for Crude Oil?  Technically, the charts of Crude Oil (and similarly Keppel Corp and Sembcorp Marine) are at critical junction.  Is it in danger or an opportunity to long right now?


 We might get an inkling after tonight's inventory report. 






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