Oil Chartology: What's Up With Crude?

Here's the reaction to today's Delayed-by-President's-Day EIA release:

$52.08, down 74 cents.
And here are the rest of the charts, from ZeroHedge:

EIA Crude Inventories & Production Surge To Record Highs

Idiot algos kneejerked higher (because 7.72 is lower than 14.3?) but that insanity is fading fast...

This is the 6th week in a row of inventory build...

Production surged to record highs...

It seems WTI is sitting at a crucial support level...

...MORE