REPORT:
correlation between USOIL and DAX is very high. In contrast of Gold.
with the unstable political and terrorism level in Europe we are seeing a higher pricelevel of gold and lower pricelevel of Crude OIL.
Expecatation could be: follow the trend (look at the yellow colord trendline).
Information deserved from: bloomberg.com and Bloomberg terminal.
correlation between USOIL and DAX is very high. In contrast of Gold.
with the unstable political and terrorism level in Europe we are seeing a higher pricelevel of gold and lower pricelevel of Crude OIL.
Expecatation could be: follow the trend (look at the yellow colord trendline).
Information deserved from: bloomberg.com and Bloomberg terminal.
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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.