US Crude Oil is stuck in a long consolidation pattern with the price stuck between 85 $ and 65 $. With Crude Oil unable to break the sideways consolidation pattern Dr Copper is making new highs in a recent month. On the weekly price chart of the world’s most traded commodity i.e. Crude Oil where we see a consolidation for more than 12 months. With new US administration the Crude output is estimated to go up, which will put downward pressure on the Crude Prices $USOIL. 
USOIL prices will most probably remain range bound within the 0.612 and 0.5 Fib retracement levels with prices ranging between 80 $ and 65 $.
But we see the prices of Dr. Copper remain in a bullish trend over the last 5 years. At a Macroeconomic level
COPPER prices are a leading indicator of the strength of the economy. With Stock market index making new highs across markets 
S&P, 
NASDAQ, 
DEU40 and macro economy doing well, COPPER prices are expected to remain strong.
So LongCOPPER , neutral $USOIL.
USOIL prices will most probably remain range bound within the 0.612 and 0.5 Fib retracement levels with prices ranging between 80 $ and 65 $. But we see the prices of Dr. Copper remain in a bullish trend over the last 5 years. At a Macroeconomic level
COPPER prices are a leading indicator of the strength of the economy. With Stock market index making new highs across markets S&P, NASDAQ, DEU40 and macro economy doing well, COPPER prices are expected to remain strong. So Long
COPPER , neutral $USOIL. 
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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.