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Oil(wti)

XAUUSD, USOIL: GOLD Sinks, WTI Mixed!I have been bullish on Gold but the current structure is not yet clear. We could see a wave 2 completion and then go for wave 3, or that was it - the multiyear record high ended with a B correction neat $1560 and we now expect wave C to take place. I lean towards the formed scenario. What's your take? Geo-Politics likely to positively affect gold: - US-Sino trade talks - Hong Kong unrest - North Korea missile test - US-Iran tensions Geo-Politics and Economics likely to affect oil: - OPEC-led cuts - API and EIA - John Bolton departure - US-Iran tensions Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice.
FX_IDC:USDWTI
by Orbex
Gold vs oil . 17h45 Units numbers per product.It looks to me , that i should go for 1 Gold and 10 oil somehow. Broadly speaking, you could say that gold and petroleum are inversely correlated. One of the factors is that gold prices tend to lead moves in market sentiment, while oil price tends to follow economic growth. This is because, for example, investors will sell their gold in anticipation of the markets performing better. But, when the economy grows, demand for oil increases, meaning the price hike comes after the economy is already growing. www.cmegroup.com
OANDA:WTICOUSD
by DORMAN5
The inverse correlation GOLD vs OIL 08:10 05-Sep-19.LOG The inverse correlation GOLD vs OIL 08:10 05-Sep-19 Gold can be used for speculation but is preferred as a safe haven. Crude, on the other hand, can be used as a store of value but is preferred as a speculative play. This combination makes these two assets work great together as mutual hedges. Gold helps offset the risk of higher uncertainty, while oil can take advantage of market moves. Broadly speaking, you could say that gold and petroleum are inversely correlated. There are a couple of major caveats to add to that notion. The first is that more nuance allows for more sophisticated trading. The second is that there is more to oil prices than just the market. born2invest.com Understanding Intermarket Spreads: Platinum and Gold www.cmegroup.com Basics of Futures Spread Trading March 5, 2011 by Craig Turner www.danielstrading.com
OANDA:WTICOUSD
by DORMAN5