Thursday, April 12, 2007

Gold Oil Ratio

Just a quick update for this very important ratio...

Bullish: note the 50/ 200 MA crossover on the weekly chart, this crossovers doesn’t happen too often. PPO is bearish but above zero, RSI at 50. Short term might drop some but going higher. Minimum target = 15, 18 month time frame.

Gold Oil Ratio chart


Previous gold / oil ratio charts

Previous crude oil charts

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