Oil ETNs hot too. YINN China 3X Bull getting blasted.
Oil is moving lower following a 2.6 million barrel build in weekly oil inventories to 456.2 million barrels. A rise in imports fed the build. Demand readings are very strong in this report with gasoline up very sharply, at 6.5 percent year-on-year. Refineries increased production of gasoline where inventories nevertheless fell 2.7 million barrels. The decline in prices is boosting fuel demand. WTI is down 75 cents and is below $42.
Here are a few from last nights scans ..... have not checked the L2 yet........not in any yet but will watch for possible entry......PUGE.....CTIX.....FONU....ENDO....ERAO..... (party)