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.
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