Australian (ASX) Stock Market Forum

Reply to thread

Hi guys,


Oil up, Stock Market down!!!


Just to show how oil is affecting the market; At market open oil was down to 51.60, So the stock market gaps up strongly...only to come immediatly under pressure as oil starts climbing during the day...closing at nearly 54 again.


Notice the strong inverse correlation.


On the left is the Dow intraday chart and on the right is november crude


Top