There’s moderate interest in copper in the chat room, so I’ll mention that the September contract would trigger a ‘counterintuitive’ buy signal if the rally begun from 225.20 on August 15 hits 275.15. Odds thereupon of a further move to at least 295.05, the Hidden Pivot midpoint, look good. However, because the initial risk on this trade would be around $5000 per contract, I’ll suggest ‘converting’ the CI signal to a camouflage set-up on the fifteen-minute (or less) chart. That would allow you to pare the entry risk down to a theoretical $50-$100 or so. Subscribers interested in the trade should tune to the chat room for further guidance in real time, and to nudge me if necessary. Incidentally, the recent bottom, although unnoticed by me, occurred within an inch of p=253.85 (where, on the daily chart, A=333.45 on 6/7. This makes it more likely that the current rally will get legs.________ UPDATE (August 28, 11:00 p.m.): The intraday high came within 0.60 of tripping the ‘CI’ buy signal. If you care, please make it known in the chat room. ______ UPDATE (Sep 3, 12:56 a.m.): Basis the December contract, Wednesday’s fleeting surge missed tripping the 277.45 buy signal by a hair. Click here to see the chart.
