BLOOMBERG Bloomberg Markets Middle East December 13, 2016
Thanks to a new way of accounting. 8 00 a. M. Across the emirates. Im Tracy Alloway in dubai. E welcome to Bloomberg Markets middle east. The oil surprise that saudi it looksistered like maybe we are now near overbought territory. Tracy thats exactly right. I thought they would bring a little pessimism entire tuesday show this morning, a little bit of a reality check and some technical analysis. Take a look at this chart. This shows the price of oil, the white line, but more interesting for our purposes is the white line on the bottom half of the screen. That is the relative value index, a tec...