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Crude Oil (CL) futures inverse pairing options
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Crude Oil (CL) futures inverse pairing options

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Crude Oil (CL) futures inverse pairing options

This is a question for those Crude Oil traders. Which instruments do you find have an inverse correlation with CL? I know that some like USO are positively correlated, but I am looking for some inverse correlations to test some strategies.

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oil up, transportation down, try dow transport.

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here is what i use the DX is in red

its looks line the Dollar right now is controlling any most markets

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benbrooke View Post
here is what i use the DX is in red

its looks line the Dollar right now is controlling any most markets

I too have seen this on other site, traders use DX for inverse correlation, can be useful for S/R

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This is a question for those Crude Oil traders. Which instruments do you find have an inverse correlation with CL? I know that some like USO are positively correlated, but I am looking for some inverse correlations to test some strategies.

Not necessarily an inverse relationship, but look at WTI/Brent and WTI/RBOB spreads.

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Mike- Did you happen to find a better inverse market for Crude (CL) other than the USD (DX)? The DX is pretty hit and miss as the inverse of CL as opposed to, as naturally expected, other currency markets.

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Maybe I'm stating the obvious or maybe this isn't what you meant (in either case please ignore me), but there are several inverse crude ETF's.

DNO United States Short Oil Fund
DTO PowerShares DB Crude Oil Double Short ETN
DWTI VelocityShares 3x Inverse Crude ETN
SCO ProShares UltraShort DJ-UBS Crude Oil ETF
SZO PowerShares DB Crude Oil Short ETN

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I use DX like posted above.

Not really an inverse but I also watch multiple contracts as well as sometimes the levels match better on a forward contract than the high volume contract.

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