hey everyone, I'm posting first time for the Canadian stock etf - ""this is inversely proportional to WTI/USoil"".... When US OIL price falls, the HOD price increase for past few week, the price show a bullish move from 8.39 to 13.84 approx... this coming week the price is pulling back to support around 10.21 (at support trend line)... at this point if the price...
We can see an inverse proportinality of interest rate vs HOD, and we are witnessing a historically low level of the HOD price now. In the past 8 years, we have witnessed noticeable MACD signs followed by a huge upward movement up to 800% gain. We should closely look at the interest rate trend and MACD - I am not saying now is the best time to be in, but sooner or...
Today we look at oil approaching restance and potention support levels
I think oil is topping out, if it corrects soon, then HOD can rise as it is inverse to the price of OIl.