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What oil (priced in gold ounces) is trying to tell us about itself and probably about international relations


Didn't understand your point fibo 4/2/14
There is a striking similarity of the oil price(in gold ounces) behavior between 1985-1990 and 2009-2014. 
In both circumstances oil had a huge drop then formed a bottom and then had a run towards 233 weeks exponential moving average where it formed a bull flag(red circle).In 1991 as you can recall it was the strike on Iraq that caused a spike in oil price. 
We believe that we are now at a similar bull flag and that oil price is about to move significantly higher sometime probably in early next year. uk/2014/04/an-imminent-oil-production-shock-strike.html 4/2/14