Posted by elementsix on 23rd of Apr 2020 at 01:59 pm
Maintain caution trading $WTIC via the USO
Chart of $WTIC vs USO shows pretty serious lapses in correlation
for almost 2 hours. I checked this on numerous platforms to
confirm. Maybe they are still rebalancing to reduce volatility but
the prices are a bit misaligned at times.
Maintain caution trading $WTIC via
Posted by elementsix on 23rd of Apr 2020 at 01:59 pm
Maintain caution trading $WTIC via the USO
Chart of $WTIC vs USO shows pretty serious lapses in correlation for almost 2 hours. I checked this on numerous platforms to confirm. Maybe they are still rebalancing to reduce volatility but the prices are a bit misaligned at times.
Yes USO no good.
Posted by Walt on 23rd of Apr 2020 at 02:50 pm
Yes USO no good. What is the best Symbol for Real Spot Price of Oil that shows in StockCharts, ThinkOrSwim,...??
Not sure buy best to
Posted by steve on 23rd of Apr 2020 at 02:55 pm
Not sure buy best to trade the futures on oil for the real thing
USO has out month futures
Posted by steve on 23rd of Apr 2020 at 02:23 pm
USO has out month futures - DO NOT USE in conjunction with front month crude contract