WisdomTree ZINC - 27th November 2023 | @ 287 Days | + 9.04%

Last trade: + 9.04% | 'B' class signal detected in WisdomTree ZINC. Average wavelength of 287 days over 7 iterations since January 2018. Currently peaking.

Nov 27, 2023

∙ Paid

Instrument Summary

The WisdomTree Zinc ETF tracks the performance of zinc futures contracts. It provides investors exposure to the price movements of zinc, a vital industrial metal used in various sectors like construction and manufacturing. The fund aims to reflect changes in the price of zinc by holding futures contracts and offers a way to speculate or hedge against zinc price fluctuations in the market.

ΣL Cycle Summary

The notable longer term wave in Zinc, via WisdomTree ETF ZINC is due a peak here and is running at around 290 days average wavelength. Climbing in a fairly gentle manner from the last iteration low around June-July 2023, the wave has been superbly frequency stationary in this sample of 7 iterations, since early 2018. The next trough iteration is due at the end of the first quarter 2023, shown below in the time frequency plots and signal details.

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 - ZINC 6th July 2023
Entry: 6th July 2023 @ 7.74
Exit: 27th November 2023 @ 8.44
Gain: 9.04%

Current Signal Status

Defining characteristics of the component detected over the sample period.

Detected Signal Class: B - learn more
Average Wavelength: 286.55 Days (40.94 weeks)
Completed Iterations: 7