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 technical indicator that looks like the speed and degree of movement of particular asset price. You can see it is now above 70. When that reaches about 70, traditionally it is viewed as an overbought indicator. It suggests to some that the rally in crude may have gone too far, too fast. Fast well, too far, too looks like it may be more sideline action right now across the asiapacific trade seen. Lets
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