Technician
Short

Oil and Copper Diverging (Trade Setup)

FX:USOIL   CFDs on Crude Oil (WTI)
359 7 4
Update: stopped out again on oil             . Strategy not working right needs reviewing.
Profit(pips)= -100x2= -200.


Analysis behind the trade here
I teach my experience conclusions in 10+ trading strategies. PM me for details and cost.
stopped out again on oil. Strategy not working right needs reviewing.
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looking at the 1,2,4 hour chart here.....I wouldnt be surprised if it heads up from here mate. stochs are all over sold....but you know yourself they could dig in undersold for a while.
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made 50 pips...thats me happy....4 mins work today! thinking of getting back in here for a short at 97.20 but dont want to be greedy
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I was 4 pips off the 98.00 short trade - dam!! Getting in at 96.40 for a bounce of 30 pips. Will be interesting to see how strong 96.40 is anyhow.
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Technician BETTIEPOOP
I need a break below it (96.40) now, to confirm another leg lower !
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Technician.. curious to know. Is your correlation between crude and oil solely based on the chart patterns or is there a fundamental basis to the correlation as well?
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Technician justatrader
Solely based on chart correlations. Haven't dug into the fundamentals behind the correlation.
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