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.
Kommentera:
Copper initiated the move.
Kommentera:
Check it out...this is why we monitor correlations, inter-commodity and inter-currency spreads, and fundamentals, not only technicals.
Trade stängt manuellt:
This is a good exit for the pair trade in copper/oil.
Kommentera:
Close to a 2 sigma move using a 1 year linear regression here.
If anyone is still in, it might be good to bail asap.
If anyone is still in, it might be good to bail asap.
