Gold to Oil ratio(WTI). Breaking out from a 1.3 year rectangular range. Seems to be aiming for 23.6% , 200 sma and the 2009 downtrend_line.
Comments
afbitcoins
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I hadn't thought of that way of doing ratios. Very interesting. Thanks
rv
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you are very welcome. a point here is, there exists a possibility that both can go down, at different time_frames, one less than the other. In general, ratios are often telling signs, as is the Gold/Silver ratio, for instance.
rv
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as this is what has happened since 11/7, and the ratio has risen. Of course, this does not mean this scenario will exactly repeat, for the next movement.