Unlike the others, My opinion we will see increase on oil prices. Some reasons, 42,50 critical, weekly close above 42.50 will bring new highs.
1) Positive RSI divergence
2) Money flow increasing
3)As crude oil prices rise, inflation also rises. Gold is known to be a good hedge against inflation. The value of gold only increases when inflation rises. Over 60% of the time, gold and crude oil have a direct relationship.
1) Positive RSI divergence
2) Money flow increasing
3)As crude oil prices rise, inflation also rises. Gold is known to be a good hedge against inflation. The value of gold only increases when inflation rises. Over 60% of the time, gold and crude oil have a direct relationship.