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The CL Crude-analysis Thread


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The CL Crude-analysis Thread

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  #11 (permalink)
 SMCJB 
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WTI and EUR:USD from June 1st till the day before the OPEC Meeting had a 93.5% correlation.


Since the OPEC meeting WTI has plummeted but correlation with EUR:USD has broken down.


Not sure, what if anything that means, but hey I found it interesting.

Can't take credit for the idea, saw it in a presentation by Doug Huggins of Quantitative Markets Analysis in London, although I'm not sure what his exact time period was and he used Brent not WTI,

Charts show NYMEX CL & CME 6E closing prices.

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  #12 (permalink)
Thxo
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Time to buy then ... dont you think?


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 gain247 
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... or maybe sell the EURUSD

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 tturner86 
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Annotated History Of Oil Prices Since 1861 - Business Insider

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 tturner86 
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Southwest Is Allowed To Keep Oil Trades Secret For 2 Weeks - Business Insider

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 tturner86 
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 tigertrader 
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a gift for your thread...

The CL Crude-analysis Thread-eia_what_drives_crude_oil_prices.pdf

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 tturner86 
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tigertrader View Post
a gift for your thread...

Attachment 170743

A gift indeed, as I was having a hard time finding it. Thank you.

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 rmejia 
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I was lost looking at your chart with the VWAP, wondering when price crossed the VWAP today... what a difference having overnight on or off does:


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 tturner86 
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rmejia View Post
I was lost looking at your chart with the VWAP, wondering when price crossed the VWAP today... what a difference having overnight on or off does:


ETH vwap is something to watch, price can easily interact with and around it.

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