US consumer confidence and existing home sales will be released at the top of the hour

At the top of the hour, US consumer confidence (from the Conference Board) will be released with expectations of 101.0 up from 100.2 last month.

Also to be released will be the existing home sales for the month of November. The expectations for it is for a annualized sales pace of 4.20M versus 4.43M last month.

Later at 10:30 AM, the weekly will inventory data will be released with expectations for crude stocks to show a drawdown of -1.657M and gasoline stocks to show a buildup of 2.140M.

The private data released late yesterday showed a larger drawdown Drawdown In financial trading, the drawdown represents the amount of money a trader can lose or has lost, following a series of losing trades. This is measured from the high of the trader’s capital to its low, over a given period of time. This is usually expressed as a percentage of a trader’s account. The current drawdown is simply the amount of money a trader’s balance has been reduced by in a given time, without necessarily closing out at that point.For example, if a trader placed an initial deposit o In financial trading, the drawdown represents the amount of money a trader can lose or has lost, following a series of losing trades. This is measured from the high of the trader’s capital to its low, over a given period of time. This is usually expressed as a percentage of a trader’s account. The current drawdown is simply the amount of money a trader’s balance has been reduced by in a given time, without necessarily closing out at that point.For example, if a trader placed an initial deposit o Read this Term in crude of -3.069M and a larger building gasoline of 4.51M