gasoline had better numbers than expected but when all was said and done oil went into freefall after the mixed messages-
here is the deal tankers wait off coast oil blows throw 48.90 because of good EIA number
tankers drop oil at higher prices inventory goes up oil goes down
we are in a trading range for some time to come because of this scenario
so what now- as we speak oil is trading 42.75
opec is meeting this weekend so i c support between 41.88-42.20 short term buyer at these levels
after tomorrow we are likely to re: selling the news if only this number wasn't so bad it would have set up beautifully
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