SAMPLE:
Why is this relationship important?
This relationship is important as higher energy prices contribute to a higher Cu3M USD/tonne price.
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CHART |
COMMENT |
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Cu3M price chart : (Top Left) |
The chart shows the Cu3m price over the last 500 days along with the 200,100 and 50 simple moving average. |
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Oil price chart : (Middle Left) |
The chart shows the Oil price over the last 500 days along with the 200,100 and 50 simple moving average. |
| Cu3M:Oil price ratio: (Bottom Left) | The chart shows the Cu3M:Oil price ratio over the last 500 days |
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Static Equilibrium: Scatterdiagram of the Cu3M price (y axis) and the Oil price (x axis): (Top Right). |
Equilibrium Line: Best line through scatterdiagram. Equilibrium Price: Cu3M price corresponding to last point on the equilibrium line. |
| Distribution of Spread (Middle Right). x axis shows the Cu3m price movement around the equilibrium line. | SPREAD: Cu3M price minus the price on Static Equilibrium line. |
| Dynamic Equilibrium (Spread through Time): (Bottom Right) | Target Line:Best line through the Spread through time. Target Price: Cu3m price corresponding to last point on the target line. Upper & Lower: Price corresponding to 1standard deviation above and below the Target Price |
Signal Setups 