Oil, S&P, currency correlations… CME – Commodity Research Group

March 23, 2019 by Jim Colburn Leave a Comment

Here is the cross commodity correlation tool from the CME… Note the slight positive correlation of crude oil (CL) with the S&P (ES)… AND, note the lack of correlation of CL with the Euro (6E), Yen (6J) and Pound (6B)… There is a positive correlation, .43, of crude with the Russian ruble (6R)… Also, note the +.52 correlation of gold (GC) with the Euro…

Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.

Our associates bring decades of experience to the table, as they seek to help our clients understand the markets. CRG will distill the myriad of pricing variables mentioned above into coherent research that is to-the-point and tailored to a clients hedging or pricing needs. In addition, CRG is available for consulting assignments and speaking engagements. CRG does not manage money or trade for itself.

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