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adammska

Price of oil in terms of gold in the long-term buy zone

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CL1!/XAUUSD  
adammska Atualizado   
CL1!/XAUUSD  
CL Crude Oil WTI XAUUSD XAU WTI
5
1
cl usoil xauusd xau wti
I think it might be instructive to take a look at the real price of oil by getting the inflationary effects of paper money out of the picture.

Sadly, tradingview has no data from before 1984, but a cursory look at the chart shows that oil is already at its lowest level since 1988.

Personally, I'm betting on some kind of reversion to mean.

Daily view:
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Comentário:
We got a bounce. But there is plenty of resistance to overcome
snapshot
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There is an epic battle underway here
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Aviso legal

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