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goutham_45
Sep 23, 2020 3:37 PM

HOW TO READ INVENTORY DATA IN CRUDE  

WTI CRUDE OILTVC

Description

Clearly todays inventory data showed fall in reserves of inventory. So when inventory data is less it implies that lot of crude which was saved up as reserves were put to use or in other words consumed.
Now I want to shift your attention to this term " PRODUCTIVITY OF A COUNTRY "
When crude is consumed like the data shows it means productivity of a country is increasing.
Productivity increasing means people are working , indicating cash flow.
THUS WHEN INVENTORY DATA IS LESS IT SHOWS THAT PRODUCTIVITY INCREASES WHICH IS WHY CRUDE RISES.
Comments
importedEggs4412
fall in reserves of inventory?? how did u recognise it? could you plz explain lil more, m a beginner.
goutham_45
@importedEggs4412 you can check it in forex factory brothrt
nareshtalwarchintu
Logic at its best
aa666
good insight please post more
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