interesting … the RATIO of USD / CRUDE

folks, need to pay attention  here … below you’ll find two charts:

  • RATIO of $$$ / Crude Oil (continuous contract) – note the nice sell pattern that completed a couple months ago.
    • now notice … we are hanging by a thread for USD to continue to weaken against Crude
  • Ratio of $$$ / Crude oil (continuous contract) – note the nice correlation of the tops/bottoms in the ratio and the moves in crude (makes sense)

All I’m saying is perhaps .. crude is going to continue to strengthen – relative strengths basis – against the USD?

WATCH CLOSELY …

B

page_17-02-12_10-04-04 page_17-02-12_10-07-45

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: