IvanLabrie
Short

UKOIL/USOIL ratio: Bearish in the long term

347 0 15
We have an interesting setup in the ratio between WTI and Brent.
In the past, whenever this ratio was declining, WTI prices rallied.
Now, we have a tight range, from where the ratio will break out very soon, and judging by the RgMov readings, (provided it takes a break, after hitting oversold readings in CCI ) odds are that the ratio continues to decline on a breakout of the trendline below price.
Keep an eye on this ratio, it might flash a bullish confirmation signal for our crude oil             long positions soon.

Cheers,

Ivan Labrie.
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