Oil Situation

The Oil Situation

So far we are up 78% in out DTO short….

Q2 hedge fund letters, conference, scoops etc

I think there is still plenty more gains in store for it.

“Davidson” submits:

The current US Crude Inventories, 5yr MovAvg Inventories and $WTI have been related since 2003. Speculators tend to drive $WTI higher when current crude inventories fall below the 5yr MovAvg(a perception of Demand exceeding Supply) and drive prices lower when current crude inventories rise above the 5yr MovAvg(a perception of Supply exceeding Demand).

If past shifts in market psychology repeat, the current US Crude Inventories ~406mil BBL are well below the 5yr MovAvg of ~437.5mil BBL should result in higher oil prices as speculator psychology shifts.

Oil Situation

LEAVE A COMMENT


Saved Articles
X
TextTExtLInkTextTExtLInk

The Life and Career of Charlie Munger

Charlie is more than just Warren Buffett’s friend and Berkshire Hathaway’s Vice Chairman – Buffett has actually credited him with redefining how he looks at investing. Now you can learn from Charlie firsthand via this incredible ebook and over a dozen other famous investor studies by signing up below:

  • Learn from the best and forever change your investing perspective
  • One incredible tidbit of knowledge after another in the page-turning masterpiece of a book
  • Discover the secrets to Charlie’s success and how to apply it to your investing
Never Miss A Story!
Subscribe to ValueWalk Newsletter. We respect your privacy.

Congrats! Are you a smart person?

We have an exclusive targeted for being a sophisticated and loyal reader.

Sign up for ValueWalkPremium today and get our exclusive content for 35% off.

Use coupon code vip19 or click on the button below

Limited time offer only ENDS 12/31/2019 or after next 25 subscribers take advantage whichever comes first – please do not share this discount with others

 

0