Can anyone tell me if there is an Oil/Oil Stocks ration similar
to the GDX/GLD ratio which Matt uses on him gold and gdx
charts. Can you please tell me what it is and if possible
post a chart of such. Much appreciated.
My advice is too focus (first and foremost) on the security you
are trading. XLE peaked in early December and has been moving lower
since that time while Crude Oil consolidated sideways for many
weeks before finally breaking down.
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Oil/Oil stock ratio
Posted by tad51 on 21st of Mar 2017 at 12:32 pm
Can anyone tell me if there is an Oil/Oil Stocks ration similar to the GDX/GLD ratio which Matt uses on him gold and gdx charts. Can you please tell me what it is and if possible post a chart of such. Much appreciated.
Regards,
tad51
You could experiment with XLF:USO My
Posted by steve on 21st of Mar 2017 at 12:42 pm
You could experiment with XLF:USO
My advice is too focus (first and foremost) on the security you are trading. XLE peaked in early December and has been moving lower since that time while Crude Oil consolidated sideways for many weeks before finally breaking down.