Tuesday, October 23, 2012

Gold Oil Ratio (GOR)

 Subscribe in a reader

One of ITZ's indicators used in trading oil is the Gold Oil Ratio (GOR). In this weekly chart, it highlights that it is not an accurate timing indicator at times. We're seeing UCO decline here, ITZ believes a turnaround in crude oil prices is coming. Currently fundamentals are driving oil lower, as geopolitical issues have subsided for now.

No comments: