Technician

WTI Crude Oil & Copper Making Sense of Correlations

Short
FX:USOIL   CFD Petrolio greggio (WTI)
Interesting correlation between copper and WTI Crude oil illustrated on chart, as copper has been a good leading indicator or crude in most of cases(at least within the past few years).

A nice setup was seen August-September, when crude was breaking higher due to geopolitical risk(tension of war on Syria) while Copper was trading sideways and under pressure, that warned that any ease in tensions would signal a major drop in crude prices. At that point i suggested shorting crude in this setup
Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.