We have an interesting spread between copper and oil, with the ratio chart showing signs of outperformance in Copper, relative to Oil today. We might be at a local bottom for this ratio, which paves the way for AUDCAD longs, as well as trading Copper and Oil futures/CFDs as a pair, going long Copper, whilst simultaneously going short Oil.
This is a very interesting signal, so keep an eye out for the effects of it. Check related ideas for the previous signal' results.
Cheers,
Ivan Labrie.
This is a very interesting signal, so keep an eye out for the effects of it. Check related ideas for the previous signal' results.
Cheers,
Ivan Labrie.
ノート
Copper initiated the move.ノート
Check it out...this is why we monitor correlations, inter-commodity and inter-currency spreads, and fundamentals, not only technicals.手動でトレードを終了しました
This is a good exit for the pair trade in copper/oil.ノート
If anyone is still in, it might be good to bail asap.
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