Oil Price Prediction (Highly Accurate)

27 Jul 2023

It's a little-known fact that gold prices move preceded oil prices by 20 months.

If you don't believe me here is a short video from Tom McClellan discussing this [url=cnbc.com/video/2023/06/09/heres-why-gold-is-a-leading-indicator-for-oil-the-mcclellan-market-reports-editor.html ]cnbc.com/video/2023/06/09/heres-why-gold-is-a-leading-indicator-for-oil-the-mcclellan-market-reports-editor.html

This gives us one of the best and highly accurate indicators of what oil will do in the months to come.

HOW TO USE.

When adding the script to your charts it's important to make a couple of adjustments.

1. Click the triple dots (...), scroll down to pin to scale, and click pin to new scale.
   
2. Rght-click the new scale and click auto (fits data to screen)
   
3. Go into the indicator settings and turn off the red line.
   

What you'll be left with is a price projection on where oil prices will go. This becomes your 30,000-foot view. It is important for traders to know if they're coming into a bullish, bearish or consolidating market and this indicator does that.

Its important to mention this is for Monthly charts.

Happy Trading