mdvisser

mdvisser

WTI Oil seems to be in an uptrend. The chart shows Fibonacci levels if breakout to either the top or bottom trend lines. Make sure the price drops through the trend line before opening your trade.

mdvisser

With Gold being the second most valuable monetary value asset in relation to paper money, people are more likely to buy Gold when the Dollar is under threat in uncertain economic times. High Oil prices automatically reduces energy consumption, which in turn, reduces GDP output.