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.

Time to buy then ... dont you think?

... or maybe sell the EURUSD

Annotated History Of Oil Prices Since 1861 - Business Insider

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

a gift for your thread...

tigertrader 

a gift for your thread... Attachment 170743

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

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:

rmejia 

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.