Oil is going to crash today. Fasten. Hopefully, everything is tied up and synchronized for a rate hike announcement today and an oil crash. I'm long on USDCAD with a 40 pip SL.
EIA weekly US oil inventories 14420k vs 2000k exp
EIA weekly US oil inventories data report 2 November 2016 • Prior -553k • Cushing 89k vs 235k exp. Prior -1337k • Gasoline -2207k vs -1000k exp. Prior -1956k • Distillates -1828k vs -1900k exp. Prior -1956k WTI fell below 45.00 briefly from 45.70 odd in the bigger than expected build. The market may have been leaning that way anyway as the 'oil report that shall not be named' showed a build of 9300k yesterday.