Copper (HG) - 23rd February 2024 | @ 80 Days | + 4.01%

Last trade: + 4.01% | 'A' class signal detected in High Grade Copper. Running at an average wavelength of 80 days over 14 iterations since March 2021. Currently peaking.

ΣL Cycle Summary

Copper, now within the range of a larger component low - namely the periodic feature around 280 days, has seen increased volatility with the latest up leg of the excellent wave around 80 days, likely finishing here. We should see one more down leg from this component but readers must be aware of the impending power coming from the aforementioned larger wave, which may start to distort the smaller wave. This will likely be in the form of amplitude modulation where the legs of the shorter wave are attenuated (but still readily detectable by our analysis). The shorter wave in focus here is excellent over the sample and has been for quite some time now, a continuation of the metronomic nature of the component is highly likely. Combined with the clustering lows of the larger waves, the next low of the 80 day component, due early April, should be a screaming buy.

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: Buy - Copper (HG) 12th January 2024
Entry: 12th January 2024 @ 3.74
Exit: 23rd February 2024 @ 3.89
Gain: 4.01%

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.