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COPPER / USOIL DAILY CORRELATION AND PROJECTION

COPPER / USOIL DAILY CORRELATION AND PROJECTION

COPPER FUTURES COMEX:HG1!

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             .