Tuesday, August 19, 2008

What to look for in tommorows US session!


Tomorrow I'm going to be focused on Comex Copper futures! There is a nice trendline setting up on this instruments 4hr chart. What a lot of people don't know is that copper futures are very correlated with Nymex oil, not as much as the swissie and euro but still it is pretty high. Here is the chart of the copper trade and a zoomed out 4hr with both ontop of eachother. If the 4hr trendline breaks, watch for a bull trade in the oil markets.

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