Crude and Gasoline is quite overstretched from its 200 period moving average on hourly. I would expect a pull back close to the 200 period moving avreage. Coupled with a reverse wedge pattern AND strong divergences forming, Gasoline looks like it could head back up to 2.14 before continuing its medium term move down. Short term psition: LONG...
Read MoreAn excellent drop in BRENT last night on the back of Iran nuclear deal news from russia has helped brent back to support trend line. Daily chart shows divergence, so this should break this trendline and head towards 64
Read MoreSee nots on the different charts to pieces the parts of the puzzle together.
The picture points to Gold Up to 1817 at least.
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