Oil – Buy signal approaching
December 15, 2022 Leave a comment
Under the guise of getting the bigger calls right and continuing from the previous post…….
and for something acutely related to the Gold/Oil ratio…..
when we find the Gold/Oil ratio at overbought levels on a weekly basis, this suggests that the price of WTI Crude Oil is in buying territory.
We are potentially approaching the 14th time (over the past 30 years) that this buying signal will occur.
Keep in mind, I’m talking about the price of Oil.
Logically, oil related equities should also prosper and have the ability to deliver operational leverage, however you’d need to do the research on any specific companies numbers such as their debt, interest expenses, free cash flows, contracted or forward delivery prices etc etc.
December 15, 2022
by Rob Zdravevski
rob@karriasset.com.au
rob zdravevski's blog 