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Crude Oil: Do We Catch the Knife Yet?

The Crude oil sell off will end, this ratio says that we are nearly done!

The crude oil to gold ratio from 1970s shows that the high $30s or low $40s is likely to be the bottom. You can also bet that a base will form so there is no rush. This chart is one to watch.

Crude Oil Sweet Light Future Chart
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Investing Quote...

"Don't take action with a trade until the market, itself, confirms your opinion. Being a little late in a trade is insurance that your opinion is correct. In other words, don't be an impatient trader" ~ Jesse Livermore

"Markets are constantly in a state of uncertainty and flux and money is made by discounting the obvious and betting on the unexpected" ~ George Soros

 


NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net

 

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