BP and oil
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Started by bear - July 8, 2020, 5:30 p.m.

https://www.msn.com/en-us/money/stockdetails/nys-bp/fi-a1orf2?symbol=BP&form=PRFIEQ


over the last 6 month we see a H&S .  already completed the left shoulder, and head.  now working on the right shoulder.  are we going down to retest the mid march low?   and what does this mean for crude?  

lots of things in the stock market look like they are trying to break down.  (except the big tech names).   

but gold and gold stocks are still doing ok.  

does this mean the gold-oil ratio is gong to go back to some wild extreme again?  when will oil finally return to a normal ratio?  

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Re: BP and oil
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By metmike - July 8, 2020, 9:05 p.m.
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thanks bear!


Re: BP and oil
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By Richard - July 9, 2020, 10:17 a.m.
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I am not sure which day it will start but I fully believe that this ratio will return to normal in due time. perhaps even this year.