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TFC Commodity Trading Forum

Re: Can Oil Stks/Crude Ratio/CO *PIC*

Don't know what exactly this is telling me as the variables start to boggle the mind. Just thought I'd post a chart with the NYSE:CNQ compared to the Can$ and then overlay the TSX:CNQ.to compared to the Can$. Same result. The NYSE:CNQ outperforms once again regardless of all the zig zagging of currency each and every rally. Now if the CNQ/CD in black that has higher highs on every rally also had similar lower lows on each selloff one could argue it just has a higher beta for whatever reason. But this is not the case. The out performance is on the upside each and every time regardless of what the currencies are doing. Perhaps its simply the higher volume and world recognition of the NYSE that causes this 'over exuberance' on the rallies.