Update on ratio of OSX/NYA

05/31/2016

here’s an update to the BUY of the RATIO of OSX/NYA. couple things to note:

  • pattern held and note the move UP in Crude pretty much the same day the pattern hit
  • it’s not that much of a bounce …would expect it to have been bigger, especially w/ the move in Crude and the Loonie vs USD.
  • also, note the divergence in the ratio as the crude oil continued higher. this has usually led to a move lower in crude …
  • stay tuned, does this spell weakness ahead for Crude and the Loonie?

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here’s the RATIO of $OSX / $NYA. it has a buy pattern HERE or a little LOWER.

below that is crude and CAD vs USD (USDCAD inverted) overlaid on top of the ratio.

they move together

so IF this BUY pattern works THEN we have a big move coming BULLISH for Crude and the Loonie.

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