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Does MACD Agree on ES (S&P 500 E-mini Futures) and MCL (Micro Crude Oil Futures)? (30 minute Charts)

Educational reference. Measured from recorded market data through October 14, 2026. Not a prediction.

MACD measures momentum, as the distance between two moving averages. This page asks a narrower question than the price comparison: when MACD moves on E-mini S&P 500, does it move the same way on Micro Crude Oil?

Bars where MACD moved on both1,508
… and moved the same direction589  (39.1%)
Price correlation, same period-0.404
EXAMPLE SCREENSHOT · June 2026A LiveCharts.AI chart with several indicator panels
Example screenshot of the LiveCharts.AI app from June 2026 — an illustration only. Any prediction lines on it are not current; today's and tomorrow's predictions are only in the live app.

Why this is not the same as the price question

Two markets can move together while their momentum, trend strength or volatility do not. A reading that agrees far less than price suggests is exactly where one market is losing steam while the other keeps going — and a reading that agrees more is tracking something shared that direction alone does not capture.

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