From $35.35 lows (in Feb contract) on Monday, WTI crude has extended its overnight post-API inventory gains, pressing up to $37, running the stops to last week's FOMC meeting moves. Let's just hope DOE does not disappoint (and don't forget to look at Cuhsing storage getting full).
Can it continue? Who knows... well one person does...
Gartman: "we are more and more convinced that we’ve seen the lows in crude and we do not make that statement lightly."
Trade accordingly!
