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 …