Correct about the correlation but remember that this correlation is not going to last.
The oil is under a lot of presure because of the euro. But a year ago there was no such strong correlation or any correlation in that way that one could build a system on it or getting usefull information from it.
Indeed as long as it last one needs to take full advantge from it but for all the same in a couple of months that significant correlation is gone.
Some people who trade my system look also to that correlation to have some idea how long they can stay in a trade or how much potential is still left on the euro.
Regards...iGoR
PS. I'm the DUDE who talked to you about the BUND futures and correlation between BUND and FDAX
