Following my last post on Crude, i am showing the weekly chart of the Thompson Commodity CRB index. Right now its sitting at around 206.95.
The old saying "Old Top becomes New Bottom" could be a valid case here.
Crude oil is the largest constituent in the CRB index and it affect the price greatly. Follows by Hard then Soft metals (except gold).
So my opinion is Copper will also rise together with oil.
Let's keep an eye on this.
The old saying "Old Top becomes New Bottom" could be a valid case here.
Crude oil is the largest constituent in the CRB index and it affect the price greatly. Follows by Hard then Soft metals (except gold).
So my opinion is Copper will also rise together with oil.
Let's keep an eye on this.
Note
this analysis has worked out very well so far .
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.