Is Crude About to Underperform The ES again?
After a long period of underperformance, the Crude Oil Continuous Contract (@CL) experienced a comeback against the E-mini S&P 500 Continuous Contract (@ES) this summer. The relative strength line enjoyed an upward sloping channel for the last 3 months or so. However, the rebound may be coming to an end as the relative strength appears to be breaking to the downside.
You can read more of this blog here.
Written by Frederic Palmliden, CMT, Senior Quantitative Analyst, TradeStation.
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