It may well be a terrific entry CU, on a couple of fronts.
I was looking a the disconnect between UKOIL and the AUDUSD over the past 6mths. A yawn of 25% !! (and that's being kind to the date range).
Makes our inherent potential (in AUD) that much more, am i right?
Here it is.
And then to look at London over the same period. Certainly looks to have good support levels @ 1.1p...those bollingers remain tight, as we await a break, and the RSI indicator is nice and low too which will keep the short term traders happy.
I really did think we'd stoop lower than we have.
Seems like once again, i was wrong.
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