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.
