Copper (HG) - 28th February 2024 | @ 278 Days | - 7.36%

Last trade: - 7.36% | 'C' class signal detected in High Grade Copper (HG). Running at an average wavelength of 278 days over 13 iterations since December 2013. Currently approaching a trough.

ΣL Cycle Summary

This longer term wave in Copper, although not as stationary as the component around 80 days, is worth a mention and is running at around 280 days from this sample of 13 iterations. It is clustering at a low in line with the other prominent periodic components, due mid March - early April and the most recent down leg was actually fairly flat, indicating support for this utility metal prior to a large low. The phasing of the shorter wave, mentioned above, indicates we may see another short term leg down. It would be wise for traders to follow that, given it’s stationarity, until mid March / early April with an eye on this component subsequently. We have therefore classed this as an early buy in the signal details below.

Trade Update

See also: Live ΣL Portfolio & History

Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous report for this instrument, linked below.

Type: Sell - Copper (HG) 26th October 2023
Entry: 26th October 2023 @ 3.5685
Exit: 28th February 2024 @ 3.8310
Gain: -7.36%

Before and After

Signal comparison between our last report and the current time, in chart format.

Time Frequency Analysis

Time frequency charts (learn more) below will typically show the cycle of interest against price, the bandpass output alone and the bandwidth of the component in the time frequency heatmap, framed in white. If a second chart is displayed it will usually show high-passed price with the extracted signal overlaid for visual clarity.