This mornings action with Gold is an example of waiting till the MACD 6 month chart shows a reversal which it hasn`t--Yet. It`s nearing oversold but as we witnessed this morning Gold went from $ 1250 down to $ 1242 or so. It`s not just me watching that 6 month chart but much bigger money.
Oil is very similar with Charting, a world glut of oil however gasoline production declined and the chart bottomed. Summer usage will be higher for petroleum products.
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