Crude is rising, meantime, copper is under heavy pressure. In a previous post I discussed how the two are positively correlated to a large degree (https://www.tradingview.com/v/OVGIqO6Y/ ), 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 .
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as Oil is now in it's strongest (bullish) seasonal tendencies of the year
from Feb into March. ???
I was bearish too in oil until I could count 5 waves up: now looking for an extension
or 3 correctives before another up side to enter long.
Anyway, do you put much weight on seasonal history ?