WTI/NG: Postive Correlation Set To Encourage Bulls

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Since my last analysis on analysis of the movements of WTI Crude Oil and Natural Gas, I find that growing optimism for a successful resolution to the tariff trade war soon will negate oversupply issue in both variables of the energy sector. I find that the changing pattern of their correlation from inverse to positive, on March 8, 2019 is enough to create bouncing moves. I find that both variables look set to shoot upward together.

Let’s have look at the movements of these two variables of energy sector at a single platform, in different time frames.

Watch my commentary on WTI/Natural Gas futures – correlation study – Part 2.

WTI/NG: Postive Correlation Set To Encourage Bulls

1-Hour Natural Gas

WTI/NG: Postive Correlation Set To Encourage Bulls

1-Hour Natural Gas

WTI/NG: Postive Correlation Set To Encourage Bulls

1-Hour Natural Gas

WTI/NG: Postive Correlation Set To Encourage Bulls

15-Minute WT/NG

Disclaimer

1. This content is for information and educational purposes only and should not be considered as an investment advice or an investment recommendation. Past performance is not an indication of future results. All trading carries risk. Only risk capital be involved which you are prepared to lose.

2. Remember, YOU push the buy button and the sell button. Investors are always reminded that before making any investment, you should do your own proper due diligence on any name directly or indirectly mentioned in this article. Investors should also consider seeking advice from an investment and/or tax professional before making any investment decisions. Any material in this article should be considered general information, and not relied on as a formal investment recommendation.

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