Technician

Add This To Your Toolbox ~ Oil/Copper Correlation

FX:USOIL   Crude Oil (WTI)
1707 20 52
Nothing to write here, as the chart explains everything, i have written several posts on this and published several trades based on this correlation. However this is a wider look with history going back to 1990. Enjoy it, it will surely help you make more informed calls.

Comments are welcome..

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It....correlated ...now what?
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we wait until we see divergence again :)
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2use Technician
I guess in 2016 ;) seems to take years!
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This comparison is a great idea!
However, if you move the chart in time (scroll left-right), switch timeframe or simply the starting point from where the comparison is calculated changes, then the divergence and adjustment zones also change. So, how did you pick to start in 1991?
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True.. I chose a specific point where price of both were inline and started to diverge as my reference.
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Great Chart!!! Thanks!
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Technician TOP diegomuscia
U r welcome mate
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Probably the time for WTI to bounce up, since copper can't go lower anymore.
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why copper cant go lower anymore?
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dp Technician
Coz @ developing costs.
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