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Copper/crude oil chart points to significant upside for crude oil, Patrick Karim notes

Copper/crude oil chart points to significant upside for crude oil, Patrick Karim notes
Copper points to upside for crude oil

Patrick Karim, a technical analyst at Technical Traders Ltd, suggested that the copper to crude oil chart setup indicates substantial upside potential for crude oil.

In his assessment, Karim pointed to the current configuration of the chart as supporting this possible move.

Karim has previously commented on other commodities and asset comparisons. In an earlier analysis, he stated that gold is struggling against stock markets and may need more time before any breakout. He also suggested that silver could take up to two more years to clear its all-time highs. These observations provide additional context for his views on crude oil's potential.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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