Macro Outlook : Crude Oil vs Fed Funds Rate

Hi Traders,

We are probably very close to a bottom in crude oil prices due to last hike on Fed Funds interest rates.

The charts shows certain correlation , not purely exact but it provides forward guidance, with the exceptional period of QE .

Technically it formed a channel that supports reversion to the mean

Not necessarily represents an inmediate rally in crude oil prices, but a consolidation period .

I hope it helps

Josep Pocalles