Do you know which Precious Commodity is to be Traded Now in the Oil Group?
In this post, we will be highlighting the status of the Precious Commodity as well its relationship with other Commodities in that group. We will show you what we are trading in the Precious Commodity market as a whole. We will demonstrate the relationship/ correlation between the Precious Commodity family members.
The main Precious Commodity family members which we will be discussing are as below:
Crude Oil as appearing in Aqua colour in the chart below.
Gasoline as appearing in Green colour in the chart below.
Heating Oil as appearing in Mustard colour in the chart below.
Soybean Oil as appearing in Red colour in the chart below.
The chart below shows the relationship/ correlation between Precious Commodity family members in a weekly time frame for the last 12 months.
Now let us discuss the first Precious Commodity viz Crude Oil in its present Price context: Crude Oil has appreciated a massive 56.86% in this year alone from its low of 4,243.9 printed on Monday 24-December-2018 to the high of 6,656.8 printed on Tuesday 23-April-2019, just 3 days before. From the the high of 6,656.8 printed on Tuesday 23-April-2019 by Precious Commodity viz Crude Oil, it has come down to 6,285.9 now at the time of writing this post.
Second member in the family is Heating Oil: Heating Oil has appreciated a good amount of 29.70% in this year alone from its low of 16,395 printed on Wednesday 26-December-2018 to the high of 21,265 printed on Monday 22-April-2019, just 4 days before. From the the high of 21,265 printed on Monday 22-April-2019 by Commodity family member viz Heating Oil, it has come down to 20,415 now at the time of writing this post.
The third family member is Gasoline: Gasoline has appreciated a tremendous amount of 71.18% in this year alone from its low of 12,316 printed on Wednesday 26-December-2018 to the high of 21,080 printed on Monday 22-April-2019, just 4 days before. From the the high of 21,265 printed on Monday 22-April-2019 by Commodity family member viz Gasoline, it has come down to 20,392 now at the time of writing this post.
The fourth Commodity we will be discussing is Soybean Oil: Soybean Oil is done a very interesting round trip. It appreciated a good amount of 14.75% around end of last year from its low of 2,713.8 printed on Tuesday 27-November-2018 to the high of 3,114 printed on Tuesday 07-February-2019. From this high of 2,713.8 printed on Tuesday 07-February-2019 by this Commodity, it has come down 11.90% to 2,777.1 now at the time of writing this post.
In the chart above we have captured the relationship/ correlation between the Precious Commodity family members, we can see that the best performing Precious Commodity is Gasoline, followed by Crude Oil and then by Heating Oil as of now. Soybean Oil is trying to bounce from the 88.6% Fibonacci level.
To know how to take advantage of our proprietary correlation between the Precious Commodity family members, please join our Commodity trading desk.
Now you can learn how to trade all the Commodity family members with us to explore the possibility of Earning Passive Income keeping your day job.
Our Proprietary Commodity Trading Strategy will guide you through every step of your trading in Precious Commodity family members and explore the possibility of earning extra income. Learn what all other Commodity Pairs we are Trading in our Precious Commodity Trading Asset Class. Develop yourself as a professional trader Capable Of Capturing Second Income in the future with us.
Please click on the Contact Us link: Goo.Gl/2SRZoG
Call us on +61 3 9790 6476
email: [email protected]
