Copper (HG) - 1st December 2023 | @ 78 Days | + 7.42%
Last trade: + 7.42% | 'A' class signal detected in High Grade Copper. Running at an average wavelength of 78 days over 13 iterations since March 2021. Currently peaking.
ΣL Cycle Summary
A robust move up through November for this superb periodic feature in copper, running at around 78 days average wavelength from the most recent analysis. The low in late October was likely a low of the next longer component too, around 160 days. The pullback here should therefore be indicative of the phase and power of that longer wave. The next trough of this particular wave (~ 78 days) is due mid January 2024.
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: Buy - Copper (HG) 30th October 2023
Entry: 30th October 2023 @ 3.64
Exit: 1st December 2023 @ 3.91
Gain: 7.42%
Current Signal Status
Defining characteristics of the component detected over the sample period.
Detected Signal Class: A - learn more
Average Wavelength: 77.91 Days
Completed Iterations: 13
Component Yield Over Sample: 148.67% - learn more