20:80 risk-reward, projection based on support-resistance levels, pivot points and wave analysis.
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Trend lines taken into account too.
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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).
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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.
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Of course, if the weather suddenly gets cooler, the chart will sometimes correlate with natural gas, off-season.