XOM & OIL price correlation study
Above chart: XOM price YTD
Middle Chart: USOIL price YTD
Lower chart: XOM/USOIL regression channel
Clearly, we can see this Model generate good buy signals while fails to show shorts!
Educational Article:
investopedia.com/articles/trading/09/linear-regression-time-price.asp
Middle Chart: USOIL price YTD
Lower chart: XOM/USOIL regression channel
Clearly, we can see this Model generate good buy signals while fails to show shorts!
Educational Article:
investopedia.com/articles/trading/09/linear-regression-time-price.asp
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
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.
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
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.