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    Volatility Reports December 21, 2022 (Crude Video)

    December 21, 2022

December 21, 2022

Volatility Reports December 21, 2022 (Crude Video)

Oil has a positive correlation to the S&P. Along with Apple and Bitcoin the premier risk takers market, Crude is also a leading market. A foreshadower of stock market’s direction

Crude oil futures made their recovery high on 11/6/22 providing a 23-day lead time to sell onto the last phase of the rally in the S&P and FANNG+ stocks, which topped on 12/2/22.

The weekly chart is plotted here with the SPY in the background to show the positive correction since 2018. The featured charts in this report focus on price, time, and dynamics.

 

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