MacroVoices #382 Dr. Pippa Malmgren: A Tale of Two Civil Wars
Macro Voices
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Crude Oil: The 13-Day Moving Average
EIA printed a massive 9.6 million barrel drawdown on crude oil inventories. US production holding steady at 12.2 million barrels unchanged from last week. The tape action was up on that massively bullish inventory report, but only far enough to get to the 13-day moving average. If we can get above those short-term moving averages, we've got a chance of a new uptrend in this market.
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