UPDATE ON OIL POSITION $USO $SCO $CL_F $GUSH $ERY $XLE $XOP $OIH
This post was just published on ZYX Short Change Alert. Oil continues to be aggressively bought by the momo crowd. However, Smart Money continues to lightly sell it. EIA Oil Inventories came at -4.2 million vs. consensus of -2.65 million. It is important to look at gasoline inventories, especially as we