AUD/JPY lows help with Oil entry prices
December 21, 2022 Leave a comment
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
rob@karriasset.com.au
rob zdravevski's blog 