Copper (HG) - 20th October 2023 | @ 165 Days | + 4.84%

Last trade: + 4.84% | 'A' class signal detected in High Grade Copper (HG). Running at an average wavelength of 165 days over 12 iterations since June 2018. Currently troughing.

ΣL Cycle Summary

This excellent, frequency and amplitude stationary periodic wave in high grade copper has recorded a fairly neutral to bearish iteration, troughing last in May 2023 and now beginning to bottom once again. The next cycle peak is due in mid January at the current wavelength. Keen readers will also note the tremendous power of the component at 75 days average wavelength in the time frequency plot below. A Sigma-L update on that component is slated for the 30th October, 2023.

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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: Late Sell - Copper (HG) 21st August 2023
Entry: 21st August 2023 @ 3.72
Exit: 20th October 2023 @ 3.54
Gain: 4.84%

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Current Signal Status

Defining characteristics of the component detected over the sample period.

Detected Signal Class: A - learn more
Average Wavelength: 160.25 Days
Completed Iterations: 12
Component Yield Over Sample: 104.11% - learn more

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.