S&P GSCI and Crude Oil WTI: Technical analysis of oil market. Candlestick analysis and fractal analysis. Wave structure analysis.
My previous article reviewed the commodity market and S&P Goldman Sachs Commodity Index in particular. Today, I’ll proceed with the analysis of commodity groups. In the first place, I’ll analyse oil and gold. These commodity groups have some peculiarities.
The dynamics of their long-term cost growth yields to S&P500, for example (check the chart above). Thus, the composition of participants in these markets is somewhat different. There is no point in holding gold and oil, or any other commodities, in the long…
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