20:80 risk-reward, projection based on support-resistance levels, pivot points and wave analysis.
Comment:
Trend lines taken into account too.
Comment:
Diagonal blue line is the trend acting as support.
Blues at 52.7 and 60.8 are projected from earlier chart history (about 2 years).
Blues at 52.7 and 60.8 are projected from earlier chart history (about 2 years).
Comment:
The chart correlates quite well with brent in the summer, gas in the winter.
Obviously the pandemic and the war in Ukraine have made fuel price fluctuate substantially.
Obviously the pandemic and the war in Ukraine have made fuel price fluctuate substantially.
Comment:
Of course, if the weather suddenly gets cooler, the chart will sometimes correlate with natural gas, off-season.
