Market Technical View is a blog that mostly concerns the technical analysis of different financial instruments like indices, commodities, stocks, ETFs and currencies.

All the posts are structured in 3 main chapters that can be found in Content, in the upper right-hand corner of the blog.

Market perspective. The technical approach consists of chart patterns and important support/resistance zones. The purpose of this section is to give directions of the price on short and medium term (a few days up to a few months).

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Tuesday, February 7, 2012

Brent Crude vs. WTI Crude 2012.02.07

The comparative charts of BRENT and WTI Crude Oil is pointing out significant changes since January 2011.

The lower chart shows the correlation index of Brent and WTI and a value close to 1 indicates a good correlation. Since the beginning of last year, Brent started to rise faster than the WTI and this scenario seems to repeat in the beginning of this year, too.

In the last couple of weeks, the Brent reacted the most to the instability in Iran while the WTI kept its low rates due to the large stocks in oil in USA and concerns on the demand side.

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