As the CRB Index decisively broke out to a new recovery high while breaking through both a horizontal resistance level and a falling downtrend that began in 2008, a divergence is appearing between crude oil and gold. The oil to gold ratio has strengthened to test a falling trend line.
This test of trend line resistance could present some opportunities for traders.
The full post can be found here.
Opportunities in energy and gold
October 18, 2021 at 13:30 PM EDT