WTI Crude Inventory Report Thursday

Please remember there is the report due out on Thursday at 11:00am and 1:00pm Eastern Time at

I predict there will be enough supply to slow down or stop the bulls because CNBC(if you agree with their people commenting on their show) that the US has been releasing more supply to meet the demand recently. If this is true, then the oil price will fall tomorrow. If not, then sit back and enjoy the show. Watch it go up and wait for the fall in the short term because either way, this smells like a short term bear trap to me.
As mentioned by me in another fellow trader's post which could be helpful here as well, "looking back at the same level as now, we had 62.56 as a high on a candle in May 6, 2015. We could go around as high as that. If we do not break that tomorrow and the market jumps around at 61, 62.5 or to 63 then comes down then I think that is a sign that the bulls are slowing their purchases and bears are coming in soon. If bulls are still in control, it should at least break 62.56, bounce around above that then form a resistance at 59-60."
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