It looks to me , that i should go for 1 Gold and 10 oil somehow. Broadly speaking, you could say that gold and petroleum are inversely correlated. One of the factors is that gold prices tend to lead moves in market sentiment, while oil price tends to follow economic growth. This is because, for example, investors will sell their gold in anticipation of the...
.LOG The inverse correlation GOLD vs OIL 08:10 05-Sep-19 Gold can be used for speculation but is preferred as a safe haven. Crude, on the other hand, can be used as a store of value but is preferred as a speculative play. This combination makes these two assets work great together as mutual hedges. Gold helps offset the risk of higher uncertainty, while oil...
Feel free to check my video and get an understanding on what I am looking for next week in the markets!
GOLD, BTC/USD, SP500, OIL Video Trading Plans. -Best places where u can open entries
OIL, Forecast, and technical analysis - Best place to open entry
I recorded why I opened buy entry on OIL and what Goals we can achieve.
Oil is likely headed higher over the coming months, but there are many challenges that lie ahead. In this update I breakdown the chart using Elliott Wave and Fibonacci as well as discuss some important global macro factors as well.
The markets are changing and oil is looking weak with this strength in the dollar as of late, so be prepeared for this. My overly bearish view on oil is the retest of the lows USDWTI @26.06 and lower @22.00.
FOREXCOM:WTIUSD COT Reports Show Bearish Price Forcasting in the Near Future. Will Crude Break Below the $60 handle shortly? Techincals Suggest yes as well