We just posted this Copper (HG) analysis for our subscribers.
Copper Futures (HG)
Date of Analysis: December 5th, 2023
Our mathematical and timing analysis for Copper (HG) shows the following…..
- Our software confirms that we have seen major top/bottom for copper in March and July of 2022 respectively. We are now dealing with interference pattern (smaller range bound market) for HG.
- Longer-term Copper is now moving into its next mid-cycle top scheduled for November XXXX or January XXXX. It will clear up as we get closer. The best PRICE estimate for this projected top is at $XXX (+/- 0.20)
- Once the top is in HG is expected to decline into its next mid-cycle bottom scheduled to arrive in January of XXX at around $XXX (+/- 0.20).
In summary, not much to excite us about Copper (HG) at this juncture. The commodity is simply expected to slowly grind higher into its next top over the next XXXX months. Then, it MIGHT get interesting. I say might because we may experience a fast move down between January of XXXX and January of XXXX. We will re-visit this as we get closer to this potential down move.
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