WisdomTree ZINC - 9th April 2024 | @ 292 Days | - 5.02%
Last trade: - 5.02% | 'B' class signal detected in WisdomTree ZINC. Average wavelength of 292 days over 8 iterations since January 2018. Currently turning up.
Instrument Summary
The WisdomTree Zinc ETF tracks the performance of zinc futures contracts. It provides investors exposure to the price movements of zinc, a vital industrial metal used in various sectors like construction and manufacturing. The fund aims to reflect changes in the price of zinc by holding futures contracts and offers a way to speculate or hedge against zinc price fluctuations in the market.
ΣL Cycle Summary
This longer term wave in Zinc has recently completed a largely flat down leg which augurs well for bulls and the up phase of the component. Due to peak in August this year there is little more to add on this fairly coherent wave. Perhaps a metal that will see some more attention in the media and online as the component accelerates upward in the coming months.
Trade Update
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 - ZINC 27th November 2023
Entry: 27th November 2023 @ 8.36
Exit: 9th April 2024 @ 8.78
Gain: - 5.02%
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.