Inflection patterns early timing indicator of inflection in WTI
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inflection point
This study is not complete, and it is not intended to be yard art, but I lack the tools on my TV to better illustrate for now. These few days should demonstrate the idea.
While looking at the ytd overlay of wti to Dxy, I found that the overall pattern in sync with wti. When reviewed at 15min I could see a direct corresponding pattern in wti & dxy. I did not look for % of move or overall movement range, but rather corresponding inflection points and direction. The chart clearly shows those matching inflections occurred in DXY about 10min before WTI.
This is not to say that dxy and wti track or mirror.. they both have their own future. I does tell me if I will see an inflection on next 15 min candle in WTI.... I think ? I doesn't say size of inflection, but in general .05 changes in DXY with pronounce marked change in wti. ( 10 min early)
I wish there was a tool to better illustrate.. I'm sure there is, I'm just old & slow.
I will track and update... good luck
This study is not complete, and it is not intended to be yard art, but I lack the tools on my TV to better illustrate for now. These few days should demonstrate the idea.
While looking at the ytd overlay of wti to Dxy, I found that the overall pattern in sync with wti. When reviewed at 15min I could see a direct corresponding pattern in wti & dxy. I did not look for % of move or overall movement range, but rather corresponding inflection points and direction. The chart clearly shows those matching inflections occurred in DXY about 10min before WTI.
This is not to say that dxy and wti track or mirror.. they both have their own future. I does tell me if I will see an inflection on next 15 min candle in WTI.... I think ? I doesn't say size of inflection, but in general .05 changes in DXY with pronounce marked change in wti. ( 10 min early)
I wish there was a tool to better illustrate.. I'm sure there is, I'm just old & slow.
I will track and update... good luck
Note
- Here is the overnight.. you can see the shif in lead time. From 4 hrs to 1hr overnight. I wonder if less hands on oil (us market closed), makes pushing the rope more efficient?
My observation is, there is both an immediate and delayed reaction on wti at dxy inflection. This delayed effect changes in timing. Will update as observed.
Note
-Last one.. for now. Maybe go quiet, track, and incorporate into daily. Plus I need to find a better tool on TV to mark overlays.. I have limited scaling control on overly (dxy). But last target forecast shows merit. Thanks all
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