Global SD Balance - M0
The OilX Global SD M0 balance can be a useful tool for anticipating market movements. In this insight we tested a simple trading rule around this indicator on a dataset going back to October 2022. The results show it can be used to anticipate market moves even in the relatively rangebound conditions that have characterised the oil market over the last two years. This balance appears on the OilX global crude dashboard as SD Balance and is measured in kb/d.
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