Oil / Gold ratio chart
Oil / Gold ratio chart is pointing down.
To tap on this trend, I had executed an inter-commodity spread trade: Short oil and Buy gold. Details .
To execute this trade, you need to sell oil contract that trade in multiple of 100, which is same as gold.
To do that, you need to open account at FXYard which allow you to do so (supermini oil contract). Click here to open account.
Profit for Oil / Gold Trade Turns Higher
On Monday 25 August, I mentioned that Oil / Gold ratio chart looks toppish and has started to move downward. So tap on this downward movement is to sell oil and buy gold. Details
Why I’m Not Buying Oil’s Recent ‘Correction’
Turn on CNBC and you will see market commentators, traders, and analysts calling the current oil & natural gas pull back a “correction”. Sure it is a correction, but financial stocks started out as a “correction” just under a year ago, and let us not overlook the “correction” in technology stocks 7 years ago.
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