Copper (HG) - 13th June 2024 | @ 79 Days | + 4.58%

Last trade: + 4.58% | 'A' class signal detected in High Grade Copper (HG). Running at an average wavelength of 79 days over 12 iterations since November 2021. Currently approaching a trough

ΣL Cycle Summary

After an exuberant ‘blow off’ peak in Copper, in which amplitude exploded, price has started the downtrend phase of the larger component, running at around 160 days average wavelength. Within this larger cycle the shorter component featured here will punctuate with pullbacks, the first of which is due in the next week or so. Currently the next peak is due in late July to early August, at the current wavelength.

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 - Copper (HG) 13th May 2024
Entry: 13th May 2024 @ 4.80
Exit: 13th June 2024 @ 4.58
Gain: 4.58%

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.

Before and After

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