Market correlations
charts above:
USD index future DX
USOIL future CL
US10 future ZN
*the lower window is correlation coefficient indicator vs US500
In normal conditions and by checking longer time frames and history US500, USOIL should move together vs USD index and US10
recently there is divergence in this relation that should correct itself to end the period of indecision
So:
• if OIl started to correct to the downside this will add fuel to the current US500 downward movement, returning the relation to normal
• also, US10 starting to move up from current support
WAIT AND SEE
USD index future DX
USOIL future CL
US10 future ZN
*the lower window is correlation coefficient indicator vs US500
In normal conditions and by checking longer time frames and history US500, USOIL should move together vs USD index and US10
recently there is divergence in this relation that should correct itself to end the period of indecision
So:
• if OIl started to correct to the downside this will add fuel to the current US500 downward movement, returning the relation to normal
• also, US10 starting to move up from current support
WAIT AND SEE
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.