One of the biggest supply headwinds for crude oil just got cleared—and a sharp-eyed trader is now connecting the dots between oil and gold's recent price action.

For months, Venezuela's situation had been casting a shadow over global oil markets. But with that pressure finally lifting, some market watchers are asking: what's next?

The interesting part? There's a growing thesis that oil might be about to mirror gold's playbook. Think about it—both are traditional stores of value, both respond heavily to macro conditions, and both have been dancing to the same Fed-policy tune.

If you've been watching the precious metals complex, you know gold has been putting on a show. The theory here is that crude could be setting up for a similar run as geopolitical uncertainty eases and traditional hedges come back into favor.

It's the kind of cross-asset correlation that crypto traders should probably have on their radar—because when risk-on/risk-off flows shift, commodities tend to lead.