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Light Crude Oil Futures
Long

OIL and SPRs - Massive Correlation!

57
Just looking at the chart between the oil futures and the SPRs the correlation is as tight as it gets. The SPRs are at 50% of the normal holding, which means there could be more selling, but likely they will start filling. This could make for another oil bonanza.
rwoods187
Chart PatternsTechnical IndicatorsTrend Analysis

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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.
Chart PatternsTechnical IndicatorsTrend Analysis
rwoods187

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.