Re: Every time troll97 shows up- Oil now hits day low
bankbuyer
I think you are right. I used to put more emphasis on weekly Inventory reports, but in hindsight no matter how bullish they looked they did not have the expected impact on crude prices. As you correctly point out they are yesterdays news. These stock reports are clearly already in the market unless of course they are well outside the expected norm. I did what you have warned against. I bought in anticipation of a bullish Inventory report. Not so sure anymore that it will have the desired effect.
Keep up your posts, I always learn something.
Cheers
J