Thursday, June 2, 2011

DOE Inventories

The Department of Energy released this week's data at 11 a.m., a day and an hour late. You can probably guess what the results were from USO's reaction..
This particular data series has also often given us signals that defy the DOE report and the initial knee jerk reaction, leading to some decent trades of 10% or more.

We'll see if we get one of those fade the knee jerk reactions, they usually show up pretty quick after the initial plunge.

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