In all likelihood given the current FA Brexit is doomed to fail in parliament. Meanwhile Oil has been given a resurgence with Russia and Saudi's pledging to cut production. Qatar has pulled out of OPEC chasing LNG. Perfect trade for that scenario.
Technicality's: Price below Cloud, tenkan below Kijun, Chikou is below the price, Future cloud red, Price not far...
4Hr time-frame from technical perspective: Rising trend, price above the cloud, Tenkan above Kijun, Chikou is above the price, future cloud is green, Tenkan, Kijun and Chikou not in cloud or price.
I have been using this trade as a hedge on others in this trade war. Deal positive news or abatement in tariffs is positive for this trade. Also has the benefit of...
A combination of collated charts I'll be updating as predictors of an impending recession. If these charts aren't screaming look out I don't know what is. Currently looking for decent CDS (credit default swaps) data to add to the mix.
Credit to @GetBusy88 for LQD/HYG
