Gasoline

I am told many things about my newsletter and technical analysis.

Here are some tidbits, in no particular order:

• Technical analysis is just lines on a chart and cannot forecast price movement (I used to believe this also.)

• Fundamentals are what matters, not technicals (I remember sharing this knowledge piece with my son)

• Technical analysis does not work in low liquidity crops like Durum wheat and Special Crops. (reference Klarenbach Special Crops Report)

A buddy provided the latest one: gasoline Futures prices do not correlate with retail prices.

The chart below compares 20- years of Saskatoon retail gas prices with Gasoline RBOB Futures monthly price data.

You be the judge.