COPPER / USOIL DAILY CORRELATION AND PROJECTION

As you can see on chart copper and crude oil are highly correlated and 85 percent of time move in same direction.

I expect a pull back on crude oil and a breakout of dailly trinagle pattern to upside on copper.

Price is out of sync at the moment and will catch up soon once trend resumed on crude
oil.

Kommentar:

Copper as a leading indicator for oil...

Kommentar:

As expected.

We just have a similar situation where cooper will lead the way