The chart below clearly illustrates that a relationship exists between crude oil and the Dow Index. For most of the 1st half of 2015, oil traded sideways as the Dow followed suit. Then around July of 2015, oil broke down, while the Dow followed in its footsteps. We see a similar pattern from Nov-Dec 2015; Oil headed lower as the Dow once again followed in its footsteps. Hence, it suggests oil prices will drive the markets.
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