Elliott Wave analysis is a great tool to help you decide an appropriate levels to gain exposure to any asset class. CPER – ETF – or the United States Copper Index Fund has recently been in the news. Yahoo Finance has run this article that says ‘industrial metals-related exchange traded products are strengthening this year…
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Most of you have read my Elliott Wave book “Five Waves to Financial Freedom”. It is hard to believe that more than six years have passed since it’s first publication. There has been one special update in the past, but here is a recent example that is still developing. It is important to remember that…
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Copper prices are in the news again. The Wall Street Journal reports that Chinese data takes the credit for this. Chinese imports of refined copper rose by 2.4% in June from a month ago.. Copper’s fortunes are closely tied to China, which accounts for 45% of global copper consumption. As fans of Elliott Wave analysis, you…
Continue reading →So you are looking for a medium term outlook for copper! After my last Elliott Wave comments that was posted on 26 September, 2011, we didn’t revist the copper charts. I am sorry for the long delay, but I hope today’s comments make you happy! A five wave move was completed on Feb 20, 2011…
Continue reading →“The finest workers in stone are not copper or steel tools, but the gentle touches of air and water working at their leisure with a liberal allowance of time.” – Henry David Thoreau I can amend the above quote a little and say “The finest workers in Elliott Wave analysis of Copper is not Goldman…
Continue reading →You have all heard the news. Commodities rebounded from the biggest drop in almost two weeks after Goldman Sachs Group Inc. advised investors to return to raw materials….When Goldman Sachs analysts made their call yesterday, many commodities traders must have felt either relieved or angry. Relieved if they were long already, and angered if they…
Continue reading →On 2nd December I pointed out that we are in the 5th of the Fifth wave in Copper and that we are likley to see the peak between 417 and 448. There is no change in that outlook for Copper. (On 8th December I posted a short-term chart from a different provider showing a 5-wave…
Continue reading →On 2nd December I had presented elliott wave analysis suggesting that Copper futures would meet some resistance around 417, and hence buying some out-of-the-money puts near there might be an interesting trade idea. Surprise, today Reuters is reporting on copper that technicals are pointing to weaker prices after it hit record levels at 413. In…
Continue reading →Copper is making a 3-week high as base metals are rallying. Firmer global equity market and supportive economic data are cited for this move. Some are speaking of a looming deficit in copper supplies, expected to push prices to record highs. Do we have anything different to say? Yes. Not because we wish to be…
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