July 10. Copper vs Oil

Attached is chart of front copper vs front crude oil contract.  Seeing a pretty large divergence in direction on these two economically sensitive commodities.  However, I have noted in rectangles several other instances of copper declining while oil maintained a rally, and these have concluded in favor of the rising oil trend.  However, in this case, copper is making a significant new low in the face of higher oil…not sure how it resolves this time.




Posted on July 10, 2018 at 7:05 am by alexmanzara · Permalink
In: Eurodollar Options

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