Global X Copper Miners ETF (COPX) - 3rd November 2023 | @ 79 Days | + 7.08%
Last trade: + 7.08% | 'A' class signal detected in Global X Copper Miners ETF (COPX). Average wavelength of 79 days over 12 iterations since April 2021. Currently troughing
The Global X Copper Miners ETF (COPX) is an exchange-traded fund tracking copper mining firms. Holdings include First Quantum Minerals, Lundin Mining, and Southern Copper. With global copper demand for industries like construction and electronics, COPX offers diversified exposure to this sector's potential, aligning with copper price shifts.
ΣL Cycle Summary
Here in COPX, we have a general reflection of the superb periodic component around 75-80 days in copper, alluded to in our recent report of 30th October. Beacon like in it’s frequency and amplitude stationarity, it is one of the best periodic signals in financial markets today.
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 - COPX 28th September 2023
Entry: 28th September 2023 @ 36.15
Exit: 2nd November 2023 @ 33.59
Current Signal Status
Defining characteristics of the component detected over the sample period.
Time Frequency Analysis
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