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Square of nine for oil

Can someone post how to calculate square of nine for oil?
Me looking for the same answer. All I could find or understand is that take a low or high price, square root it, then add 2 and then square it. Kind of mumbo jumbo so far. Perhaps somebody like CharterJoe shed more light on it

guess low date?? 12/24/2008 35.13 WTIC

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Square of Nine Calculator can be found here:

Gann Square of Nine Calculator
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