My prior attempt to short oil @
Crude is rising, meantime, copper is under heavy pressure. In a previous post I discussed how the two commodities are positively correlated to a large degree ( ), and in most cases copper lead oil prices. Having that said, I am monitoring carefully for a potential oil short position.as copper broke below a key support at 3.27 and heading lower, on the other hand crude is testing its falling trend line.
Thanks For Reading and Best of luck for All.
wasn't successful, however that doesn't prove the failure of analysis. at least so far, its only the trade wasn't taken at the right time i believe. Accordingly, i look for a new lower time frame bearish signal, through a trend line break or horizontal support break to short oil once again, i will keep u posted with update. Check text below for further analysis Crude is rising, meantime, copper is under heavy pressure. In a previous post I discussed how the two commodities are positively correlated to a large degree ( ), and in most cases copper lead oil prices. Having that said, I am monitoring carefully for a potential oil short position.as copper broke below a key support at 3.27 and heading lower, on the other hand crude is testing its falling trend line.
Thanks For Reading and Best of luck for All.