ChartProphet

Lean Hogs With Oil Futures Correlations

CME:HE1!   Lean Hogs Futures
Lean Hog has a gap below that has me intrigued but I am not sure how or if it will fill. I will also note this interesting but obvious correlation that I found with oil. We have some interesting inverse correlations on 2/18, 3/17, 3/25 among other days but otherwise similar chart patterns between the two. I am not sure how or why lean hogs front ran the oil pump 2/14 - 2/25 I would be curious to anyone's thoughts on this. Just general observations from a neutral stance.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.