Trade Oil on MT4 WTI Archive
At a high time frame from 2005 - 2017, Singapore stocks Sembcorp, Sembmarine and Keppel Corp appears to have strong positive correlation to WTI in this overlay. Over a shorter duration, that correlation is less convincing.
Weekly charts of NZDUSD, XAUUSD, GBPUSD, USDCNH and WTI 'big picture' analysis. Clicks together a story that indicates DXY weakening.
A look at Dollar Index DXY, EURUSD, AUDUSD, NZDUSD, GBPUSD, WTI and XAUUSD. A common theme - a turning point could be showing up soon seeing how these pairs might be at support.
Look at WTI, XAUUSD support and resistance levels, trends. Week 37 2017 latest charts, setups and price action. Also GBPNZD, EURUSD, USDJPY.
WTI and DXY used to show a clear negative correlation. This disappeared in the middle of 2016. Is this a temporary divergence or a permanent change? If the present appearance is temporary only, one of them is going to show it's true colour soon.
If WTI bulls are lucky, WTI 'rallies' one more time to test former resistance/support at 51.40. If not, we should be inspecting price action at trend line soon.
There is a distinct bearish divergence between XLE (Energy Select Sector SPDR ETF) and WTI. XLE has completely reversed it's post-Trump election gains and is now in the red.