over all , following Brent is helping in some cases for CL decisions ( so far at least in short time frames )
At times looking at CL helping to make decisions on Brent ( case like Brent ran too fast but CL sits there , point for Brent short ).
[ NOT posting all trades due to time and other constraints ...]
Again all above is in the eyes of beholder.
In many cases we all have baises ( up or down ) on a given day given hour based on 'their OWN price range for the day' , News and other events. Then we read ONLY the CLUEs on price action supporting those biases ignoring the other unconcisouly .
- At least this is my observation people trading having opinion on PRICE ( 'their OWN price range for the day' ), pure TA folks don't have these problems.
we may need to add gasoline RBOB to the mix , since it is driving season RBOB provides leadership in many cases for Crude OIL .
So far I did not follow RBOB , seems it will be interesting study ..
KID, DAX any experiences on RBOB providing some proxy to crude OIL on short time frames ( like Brent ) .