Gold / Oil :update 04/10/20

little higher for a very important target on the ratio of Gold/Oil

04/10/20 – our target level hit and, if you look closely below, you’ll see 5 waves down .. followed by 3 waves up into a “perfect” SELL PATTERN for the ratio. IF this pattern works (the big if) then expect Crude to strengthen against gold and, perhaps, keep the oil rally going for a little while longer.

one of my readers asked me a question on Gold/Oil ratio. below I have charted SPOT gold / futures oil (continuous contract) – wow, pretty amazing move … take a look at the 1.618 projection target a little higher. that ‘should’ (operative word) cause some resistance. additionally, if we keep this parabolic rise in the ratio then the 12 level on oil doesn’t seem to far fetched, does it? thanks again Ray for the ping … great question and observation. that’s what I see .. hope it helps. Bart

Crude Oil Approaching BIG low …update to the update to the update

12/06/2017  – looks like we are smacking into some large resistance from a time and price perspective. here or a little higher should do it for Crude for now.

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2/2/2017 – can’t believe it’s been over a year since I posted on crude – but I guess it has. as you can see below, the ‘math’ tagged the low in crude.

where do we go from here? well, the ‘easy count’ and that’s what I’m into says – perhaps – a little higher and then down to take out 26 ?

no way, right? You Never Know.

Bart

Continue reading “Crude Oil Approaching BIG low …update to the update to the update”

interesting … the RATIO of USD / CRUDE

folks, need to pay attention  here … below you’ll find two charts:

  • RATIO of $$$ / Crude Oil (continuous contract) – note the nice sell pattern that completed a couple months ago.
    • now notice … we are hanging by a thread for USD to continue to weaken against Crude
  • Ratio of $$$ / Crude oil (continuous contract) – note the nice correlation of the tops/bottoms in the ratio and the moves in crude (makes sense)

All I’m saying is perhaps .. crude is going to continue to strengthen – relative strengths basis – against the USD?

WATCH CLOSELY …

B

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Crude Oil Approaching BIG low …

2/2/2017 – can’t believe it’s been over a year since I posted on crude – but I guess it has. as you can see below, the ‘math’ tagged the low in crude.

where do we go from here? well, the ‘easy count’ and that’s what I’m into says – perhaps – a little higher and then down to take out 26 ?

no way, right? You Never Know.

Bart

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1/11/2016 update.

note the percentage corrections … certainly looks like 30 and 25 are possibility. Especially since the OSX/NYA ratio hasn’t bottomed along w/ the Loonie but i do believe we are getting ready for a big bounce.

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Crude Continuous Monthly Log
Crude Continuous Monthly Log

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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Loonie, time to get long …

I missed my entry at the .786.  (was on travel)

That’s OK …what I’ll try to do is do a real time look at getting into the first retrace.

  • Here’s the charts …
    • Relative Strength of the $OSX / $NYA.
      • note, the AB-CD is a little lower but believe we are in the zone for the PATTERN To be complete
    • Crude
      • on schedule, and look at the daily, almost perfectly on time
    • USD vs LOONIE
      • smacked exactly into the .786 and other ratio’s and has begun to strengthen …

Note: using intermarket and ratio analysis we were able to synchronize the “POTENTIAL” pivot in the Loonie, using Crude, relative strength of the OSX and then the patterns on the Loonie.

Stay tuned as this might get really interesting.

this entire thing is wrong w/ a daily closing above the .786.

I have my line in the sand, I like that.

B

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