Technician
Short

Copper Warns for a Reversal in Oil !

FX:USOIL   Crude Oil (WTI)
1629 17 23
Major divergence between Oil             and Copper             , which one will readjust?
I believe geopolitical tension continues to support oil             price,the price of oil             will probably fall in the upcoming weeks, unless a real disruption in oil             supply materializes. So be careful and good luck.

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And what happens with copper?
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timwest PRO alexeyhoroshunvk
Pair up the trade: Go long copper and sell short crude oil in equal amounts. He's calling for crude to fall relative to copper, but might as well own copper and cover both sides of the trade.
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2use timwest
You see any room for oil to go higher? I don't see this as a momo stock, so no where to run that much - also, if oil will rise, then some economic news will fuel it (paradox :) )
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This one is tricky, divergence could even widen. But if you are talking about weeks you could be right
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I think copper is going to rally heavily, at least that's my bet.
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My assumption will be not valid in only one case, a real disruption in oil supply materializes, which will send oil to the moon
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Thank you for your comments and your ideas guys!
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Good day! Is it best time to take short?
USOIL MACD tell more
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Technician TOP alexeyhoroshunvk
I don't think its a good time to short oil yet
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Ok. Thanks!
Can explain why?
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Technician TOP alexeyhoroshunvk
There is no clear bearish technical setup yet, for me.
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I understand. Thank you!
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Technician TOP alexeyhoroshunvk
Ur welcome
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I love this chart!
+4 Reply
2use Technician
Nothing beats picking the top :) conrgats, came here to thumb this up :)
+1 Reply
hehe, thanks mate :)
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+1
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