The USO / FX correlation is way off suggesting USO should be lower than it is, however the longer term charts starting at 15 min and going through 60 min and even 4 hour continue to look strong. There are some short term charts in the intraday area from 2, 3 and 5 min that have negative divergences in them. All in all, it doesn't look like a leak, but we have been able to pick out some trades from this report before so we'll keep watching.
5 years ago
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