“Davidson” submits:
The spread between US Crude Inventories and the 5yr mov avg has widened to ~35mil BBL. Market psychology drives $WTI higher when current inventories fall below the 5yr mov avg. 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.
