Copper

Also, secondary metal’s market for analysis is Copper as priced by the futures contract on The COMEX and GLOBEX

Market Trend

These are the Copper’s daily bars for the last three months to-date. The blue dots denote trend consistency. When the blue dots break above -80% line, higher prices are anticipated. When the blue dots break below +80% line, lower price is anticipated.

Market Profile

The Copper’s Profile shows the amount of contract volume traded at every price point for the last two weeks. The longest lines are indicative of price support and resistance. The colored lines represent the most recent trading day with the white bar as the closing price.

Market Magnet

The Copper’s Magnet is the volume-weighted consensus price of the Coppers’ Market profile. Similar to Copper’s Market value analysis, when the Copper crosses the Magnet, we expect price to continue in the same direction. But when the price gets too far away from the Magnet, we expect the trend may be ending

Market Range

The Copper’s Market Range is the expected distance that it will cover the ensuing trading day. This “Expected Daily Trading Range” (EDTR) it gives a rational, acceptable estimate as to how far the market may move. For example, in the side graph the EDTR shown is xxxxx

Market Rhythm

The Copper’s bet Market Rhythm recently to-date is displayed in the Market Rhythm chart. As show in the chart, it is the Copper’s 12 hour MACD. When this rhythm has been positive the Copper’s price is shown in Green and when it has been negative the price is shown in Red.