Crude oil and copper continued their fall today. I note that oil has just hit its 200day MA and retraced slightly, copper has similarly just hit its 100week MA and slowed down.
It’s going to be extremely interesting to see if these commodities bounce back up tomorrow / this week. I think if oil goes lower than its 200day MA it’ll be in free-fall. I’m prob going long for a day or two, starting tomorrow.
Please don’t take this as a tip though, cos my ideas are wrong about 50% of the time and I’d hate to feel responsable for anyone losing money!!