HG1! Is Copper ready to make a move?

20. Okt. 2018

HGHG1!
Copper has been bottoming for quite some time. Economic trends are plumbing/housing, electronics, and EV vehicles, so let's step back and review.
* Oversupply for quite some time.
* Copper prices are historically peak in December.
* Housing/construction build rates for SF/MF/5+units is steady Yr/Yr for 5-yr and slight growth if any.
* Electronics is in steep decline from overstock parts and US-China trade war
* Electric vehicles are the new growth at 150+ lb. / vehicle for motor windings for copper, trend to continue as EV Class 8 heavy trucks will use 300+ lb. / truck (TESLA/NAV)
* Current chart showing upward movement from 618fibretracement to 500fibretracement as positive.

Maybe a micro trend without larger scope of current global economy, but something to watch for safe haven opportunities. VIX
The yuan hit a fresh 21-month low against the U.S. dollar Thursday, and the Shanghai Composite Index has lost about a quarter of its value so far in 2018.

$ASX:KRC HINDCOPPER $ASX:NZC CPPMF COPX SCCO $ASX:CCZ $TSX:NCU $FWB:COQ HDRSF CCJ

20. Okt. 2018

Anmerkung

Watch SCCO as stock play.

26. Okt. 2018

Anmerkung

HG1! is dipping below 500fibretracement and headed toward 618.