COPPER / USOIL DAILY CORRELATION AND PROJECTION
As you can see on chart copper and crude oil are highly correlated and 85 percent of time move in same direction.
I expect a pull back on crude oil and a breakout of dailly trinagle pattern to upside on copper.
Price is out of sync at the moment and will catch up soon once trend resumed on crude
oil.
I expect a pull back on crude oil and a breakout of dailly trinagle pattern to upside on copper.
Price is out of sync at the moment and will catch up soon once trend resumed on crude
oil.
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Copper as a leading indicator for oil...
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As expected.
We just have a similar situation where cooper will lead the way
We just have a similar situation where cooper will lead the way