US Crude Inventories And The 5 Year Moving Average – ValueWalk Premium
US Crude Inventories

US Crude Inventories And The 5 Year Moving Average

“Davidson” submits:

[RETIs]

Q2 hedge fund letters, conference, scoops etc

The spread between US Crude Inventories and the 5 year moving average has widened to ~35mil BBL. Market psychology drives $WTI higher when current inventories fall below the 5 year moving average . The greater the negative spread in current inventories vs 5yr mov avg  the higher market psychology drives $WTI. $WTI should move higher with every report he next few weeks as global demand, US exports appear strong.

US Crude Inventories

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