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Do MCL (Micro Crude Oil Futures) and MES (Micro S&P 500 Futures) Move Together on 15 minute Charts?

Educational reference. Measured from recorded market data through November 3, 2026. Not a prediction.

Micro Crude Oil and Micro E-mini S&P 500 are often assumed to move in opposite directions. This measures it against 2,942 time aligned 15 minute bars over the last 45 days — no opinion, just what the two actually did.

Bars where both moved2,780
… and moved the same direction1,082  (38.9%)
Correlation of bar to bar changes-0.402

At 38.9% agreement and a correlation of -0.402, these two have a moderate tendency to move in opposite directions on this timeframe.

This is an inverse pair. When one rises the other tends to fall. Holding both is not doubling a bet — but it is not a complete hedge either, and the indicator pages below show where that breaks down.
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.

Where the relationship breaks down

Prices moving together does not mean everything else does. The indicator pages below measure each reading separately — and momentum, trend strength and volatility frequently disagree even when price does not.

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How this was measured

Every 15 minute bar recorded for both instruments in the last 45 days was aligned by timestamp. Bars where either did not move are excluded from the direction figure, since a flat bar agrees with nothing. Correlation is measured on bar to bar changes, not on price levels — two markets can both drift upward for unrelated reasons, and correlating levels would call that a relationship.

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See LiveCharts.AI in action — predicted candlesticks and indicators, 30 bars into the future, before they occur:

Questions traders ask

MCL 15 minute candle prediction On the 15 minute MCL chart LiveCharts.AI predicts the next 30 candles, about 7 hours ahead, and redraws them as each 15 minute candle closes. Candlestick prediction →

AI tools for day trading Micro Crude Oil Futures LiveCharts.AI shows the predicted next 30 candles of MCL on intraday charts and lets you ask the chart what it expects for the rest of the session. AI tools for day traders →

Forex chart prediction AI LiveCharts.AI is built for futures, forex, crypto and stocks. On each chart it predicts the next 30 candles and where the indicators go next, and its AI chat explains the chart, as it does for Micro Crude Oil Futures (MCL). All markets →

More questions traders ask

Oil futures stock LiveCharts.AI predicts the path of Micro Crude Oil Futures (MCL) 30 bars ahead on every timeframe and shows how recent predictions compared with what happened, so the record can be checked before relying on one. Micro Crude Oil Futures predictions →

CL oil forex For Micro Crude Oil Futures, LiveCharts.AI draws predicted candlesticks and indicators to the right of the live price, and its AI chat answers questions about the MCL chart. Predictions are estimates, not certainties. Micro Crude Oil Futures predictions →

Light sweet crude oil futures Micro Crude Oil Futures (MCL) is live on LiveCharts.AI with the next 30 bars predicted on every timeframe from 1 minute to 1 hour, redrawn as each candle closes. A prediction is an estimate, not a certainty; the market page shows recent MCL predictions next to what happened. Micro Crude Oil Futures predictions →

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