OIL CRASHES AFTER CLOWNISH INVENTORIES MISS

It’s all over for you. The figure four leg lock has been applied and there’s no way out.

There are five cogs to the bull market wheel. Next week in Exodus, I will reveal my method to short said wheel — basing it off these pillars.

1. Banks
2. China
3. Energy
4. Retail
5. Industrials

All five are at risk of grave injury.

EIA inventory data missed by more than 4m barrels. Oops.

EIA Petroleum Inventory Data
The EIA reports that for the week ending Oct 7:

Crude oil inventories had a build of + 4.9 mln (consensus called for a build of about +0.65 mln barrels)
Gasoline inventories had a draw of -1.9 mln (consensus called for a draw of about -1.49 barrels)
Distillate inventories had a draw of -3.7 mln

As such, WTI and Brent are careening lower.

Expect markets to worsen into the afternoon. Only the 3:30 ramp can save you now.