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Copper/Oil spread: once again getting out of hand

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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.

Nota

Copper initiated the move.

Nota

Check it out...this is why we monitor correlations, inter-commodity and inter-currency spreads, and fundamentals, not only technicals.

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This is a good exit for the pair trade in copper/oil.

Nota

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.

IvanLabrie

🔒Want to dive deeper? Check out my paid services below🔒

ivanlabrie.substack.com/

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AUDCAD: Interesting spread between copper and oil

oleh IvanLabrie

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