-10% Correction incoming GCCLHG321

Now this is a simple price ratio strategy between the commodities of

WTI Crude - Top Chart - 5 Day Chart
Gold -Middle Chart - 5 year Chart
Copper - Bottom Chart - 5 year Chart

for the month of May 2022.

The price discovery betwen the 3 above mentioned commodites was achieved during the time period between 24 July 2017 and 1 October 2018 the Median price, being the value separating the higher half from the lower half for the following commodities were as follow as indicated by a thick black horizontal line on each respective chart:

This is the PRICE:

2.95 USD/ lb for Copper
60 USD/Barrel for WTI Crude Oil
1268 USD/Ounce for Gold

This is the RATIO

During this time period the following ratio 21:1 existed between the Copper price to WTI Crude price which was 21:1
And the WTI Crude price to Gold price which was 21:1.

This correlates to the fact that there are 250 - 252 working days in a year which if divide by 12 months equals 21 or to be precise (250/12=20.833)

Sidenote: It also says alot about the price of Gold and that the price of one ounce of gold ought to at minium sustain a worker for a month in the wealthiest country in the world being the USA, the Federal mimium wage also confirms that on the Gold Chart marked in red horizontal line.

This is the CALC

So currently as of writing the price of WTI Crude is trading at 102.40 USD /barrel and in order to calculate the future price for WTI Crude we will use the current price of GOLD and divide it by 21 and for COPPER multiply it by 21 as follow.

4.40 USD/ lb for Copper multiply by 21 equals 92.40

1900USD/Ounce for Gold divide 21 equals 90.47

After which we ad the two together and divie by 2 to get a median

92.40 + 90.47 = 182.87
182.87 / 2 = 91.435

This is the PRICE TARGET

This 91.435 USD/Barrel is the price WTI Crude is expected to trae in the near future

Good luck with your trading!
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