ICFX

Historic replication

Short
ICFX Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Price is at R3 reversal area - April pivot (which was untested, price came to close it). April pivot range acts as resistance now.
I see price drop back to 12-11, as history seems to repeat itself. 12 is also May reversal level, bottom of May value zone, which makes sense.

So I would look for bearish setup anytime. As price make bearish reversal pattern, that is it. And it should anytime soon.

Top correlation 5 min

1 XTIUSD - XBRUSD 95.8%
2 XTIUSD - CNI30 (CHINA30) 85.3%
3 XTIUSD - FNG10 (Big Tech 10) 82.0%
4 XTIUSD - GBPNOK -79.1%
5 XTIUSD - XNGUSD -78.6%
6 XTIUSD - LIT15 76.6%
7 XTIUSD - CAN20 75.3%
8 XTIUSD - GBPAUD -74.1%
9 XTIUSD - GBPSEK -73.8%
10 XTIUSD - FRA40 73.7%

Top correlation 30 min

1 XTIUSD - XAGUSD 92.0%
2 XTIUSD - XAGEUR 91.9%
3 XTIUSD - XBRUSD 91.7%
4 XTIUSD - AUDNZD 91.6%
5 XTIUSD - GBPTRY -91.4%
6 XTIUSD - XAGAUD 91.4%
7 XTIUSD - XAUGBP 91.2%
8 XTIUSD - XAUUSD 90.1%
9 XTIUSD - GBPSGD -89.7%
10 XTIUSD - GBPCHF -89.5%

Top correlation 1 hour

1 XTIUSD - USDTRY -95.9%
2 XTIUSD - XBRUSD 95.8%
3 XTIUSD - XAGEUR 95.7%
4 XTIUSD - XAGUSD 94.9%
5 XTIUSD - XAUCHF 94.2%
6 XTIUSD - XAUUSD 94.1%
7 XTIUSD - XAGAUD 93.4%
8 XTIUSD - GBPTRY -93.2%
9 XTIUSD - XAUEUR 93.1%
10 XTIUSD - GBPCAD -91.8%

Top correlation 1 week

1 XTIUSD - XBRUSD 99.6%
2 XTIUSD - EURZAR -97.3%
3 XTIUSD - USDZAR -97.0%
4 XTIUSD - USDMXN -95.8%
5 XTIUSD - EURMXN -95.4%
6 XTIUSD - GBPMXN -95.2%
7 XTIUSD - USDCAD -94.9%
8 XTIUSD - ZARJPY 94.8%
9 XTIUSD - SPA35 94.7%
10 XTIUSD - NOKJPY 93.4%

Top Absolute Correlation 1 month

1 XTIUSD - XBRUSD 98.2%
2 XTIUSD - NOKSEK 75.5%
3 XTIUSD - UK100 (FTSE100) 73.4%
4 XTIUSD - US2000 (RUSSEL2000) 71.0%
5 XTIUSD - USDHKD 68.3%
6 XTIUSD - NOKJPY 65.8%
7 XTIUSD - ZARJPY 64.8%
8 XTIUSD - USDZAR -61.5%
9 XTIUSD - EURPLN -60.7%
10 XTIUSD - XAUEUR -60.2%
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