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Crude and British Pound corelation
Mon Dec15 (NY) - by Anatoly Veltman, Chief Global Analyst - We've discussed this one yet on Crude's way up through $100: on certain stretches of time, daily charts were identical! Then, the relationship would abruptly break. It appears to be on right now (the charts attached cover the life of Jan Crude as prompt contract). Curiously, monitoring intra-day would sometimes yield "CL leading BP", not the other way around (Crude following currencies would be widely expected) . . . (to read the remainder of this article, please log in below.)
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