AUD/JPY lows help with Oil entry prices

The study below shows WTI Crude Oil making a notable low approximately 6 weeks after the AUD/JPY first enters weekly oversold territory. 

Correlating the technicals in other assets helps me determine what I think may be a safer entry point, rather than relying solely on Oil price data.

Another example of this appeared in a recent post which monitors the Gold/Oil Ratio.

For now, I’d like to see WTI Crude trade down to the $65 mark.

December 21, 2022

by Rob Zdravevski

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