Interesting correlation between copper and WTI Crude oil illustrated on chart, as copper has been a good leading indicator or crude in most of cases(at least within the past few years).
A nice setup was seen August-September, when crude was breaking higher due to geopolitical risk(tension of war on Syria) while Copper was trading sideways and under pressure, that warned that any ease in tensions would signal a major drop in crude prices. At that point i suggested shorting crude in this setup
A nice setup was seen August-September, when crude was breaking higher due to geopolitical risk(tension of war on Syria) while Copper was trading sideways and under pressure, that warned that any ease in tensions would signal a major drop in crude prices. At that point i suggested shorting crude in this setup
