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.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut 
rates...but....real world interest rates are not always what FED wants it 
to be.
6 years ago

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