Copper (HG) - 12th January 2024 | @ 79 Days | + 3.07%
Last trade: + 3.07% | 'A' class signal detected in High Grade Copper. Running at an average wavelength of 79 days over 14 iterations since March 2021. Currently troughing.
ΣL Cycle Summary
Once again this remarkable periodic feature in Copper continues it’s metronomic path through time. In this case the most recent down leg was relatively mild and the overall shape of the cycle right translated - be careful assigning too much meaning to that rudimentary observation though. As is the case in zinc, there is an influential larger wave around 160 days that is peaking shortly. That will likely limit the upside from the shorter wave described here, the peak of which is expected toward the end of February, according to the phasing analysis presented 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 post for this instrument, linked below.
Type: Sell - Copper (HG) 1st December 2023
Entry: 1st December 2023 @ 3.91
Exit: 12th January 2024 @ 3.79
Gain: 3.07%
Current Signal Status
Defining characteristics of the component detected over the sample period.
Detected Signal Class: A - learn more
Average Wavelength: 78.96 Days
Completed Iterations: 14
Component Yield Over Sample: 144.06% - learn more