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DTO - Crude Oil: Expecting An Imminent Daily Cycle Low
Deutsche Bank AG London ZC SP ETN REDEEM 01/06/2038 USD 25 - 25154K809
Although crude oil and equities have traded in a highly correlated fashion over the past while, crude oil has yet to print its first daily cycle low in its broader intermediate cycle. Both crude oil and equities printed their intermediate cycle lows on the 24th of December last year. Monday, the 25th of March, will be the 59th trading day of this broader intermediate cycle in crude. Crude oil topped out at $60.39 per barrel on the 21st of March last. Considering how late we are in the daily cycle, last