Copper (HG) - 19th January 2024 | @ 160 Days | + 6.32%
Last trade: + 6.32% | 'A' class signal detected in High Grade Copper (HG). Running at an average wavelength of 160 days over 13 iterations since June 2018. Currently turning down.
ΣL Cycle Summary
Larger, bearish trend features have, quite predictably, started to exert influence on copper here. The last few iterations of this excellent, medium term periodic feature have been largely neutral, representing as it does a period of underlying trend ‘flatness’, the end of which has likely now been reached. One piece of simple evidence for this is the likely early (left translated) peak of this wave, although this is not typically something we weight heavily in our analysis. The next trough of this component is due mid - late March at the current (very stable!) wavelength. Subscribers should note once again the extraordinary signal to noise ratio evident in Copper below at this bandwidth, featuring both this wave and the shorter component at around 78 days average wavelength.
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: Early Buy - Copper (HG) 20th October 2023
Entry: 20th October 2023 @ 3.542
Exit: 19th January 2023 @ 3.766
Gain: 6.32%
Current Signal Status
Defining characteristics of the component detected over the sample period.
Detected Signal Class: A - learn more
Average Wavelength: 159.96 Days
Completed Iterations: 13
Component Yield Over Sample: 123.43% - learn more