Copper (HG) - 30th October 2023 | @ 79 Days | + 2.99%
Last trade: + 2.99% | 'A' class signal detected in High Grade Copper. Running at an average wavelength of 79 days over 12 iterations since March 2021. Currently troughing.
ΣL Cycle Summary
Featured in our popular top 10 wow! signals article, the 80 day nominal wave in copper is superbly frequency and amplitude stationary. That said, the most recent cycle has been relatively low in amplitude and it’s shape flat to bearish. This is likely due to the peaking of the wave around 280 days (40 week ‘nominal’ wave). The upcoming trough is well synchronised with a trough of the next longer component at around 165 days, detailed recently. This may provide increased amplitude to the upside until the proposed peak of the shorter component in December.
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