It is important to understand that this is a log chart. However, my retracements are a normalized linear interpretation of the logarithmic relative price movements.
50% normalized retracements of the log prices are roughly 9,000 in the mid-term and 1,000 in the longer-term
Please click on the chart to see the detailled view
Energy expenditures as a percentage of PCE
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During the early stages of the pandemic, energy expenditures as a
percentage of PCE hit an all-time low of 3.3% of PCE. Then energy
expenditures increased ...
2 hours ago