Investing.com - Financial Markets Worldwide

Time Cycle Enables Analyst To Accurately Predict Copper Rally

ByCommodityOnline
Published 12/21/2012, 06:17 AM
Updated 05/14/2017, 06:45 AM
HG
-
IMOEX
-
STAR
-

On November 12, we published an article on Copper titled, Copper should start the next leg up. This very day marked the bottom for COMEX/MCX Copper and prices have rallied from 346 to 372 in COMEX while Copper MCX rallied from 420 levels to
450.
Copper Movements Anticipated On November 12
We mentioned that Comex Copper Daily chart suggests that we may soon star the last leg of the triangle in the form of wave 'E'. This last leg should be the last corrective leg of the entire consolidation which would complete the corrective wave 'X'.
We couldn't have been more accurate on Copper. Prices bottomed out the same day and started rallying. We have booked 50% of our profits and would wait for weekly confirmation to exit the rest.

And The Result
38-Day Cycle
We also mentioned that The above chart shows a 38 day cycle working well on the COMEX Copper chart. Time Cycle suggests that the reversal should happen within a day or two and we should start the next leg up from here on.
Anticipated Time Cycles On U.S. Copper
That's the power of Time Cycle and this is one of the live examples of how we have been able to perform exceptionally well on the Fund Management side.

The Chart Says It All
Copper 4

Latest comments

Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.