Plummets, tanks, plunges, dives, tumbles, crashes, etc. As a trader looking for volatility this should be a great day to trade. Oil in the news, good volume, it's all there.
Not for me.
It was a get short stay short day and I don't trade that way. Hard to believe looking at the 15 minute chart that I couldn't have pulled something out that.
15 Minute Crude Oil Chart
Tried 4 trades after the inventory report and one at the end of the session. Came up with 3 losers, 1 be, and 1 winner for small net gain. Very small.
5 Minute Crude Oil Chart