US Crude Inventories And The 5 Year Moving Averagevalueplays
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.