US Copper Index ETF (CPER US)
Personal Finance|January 2023
The US Copper Index ETF holds listed copper futures contracts and other copperrelated futures with maturities of two years or less. These contracts are among some of the most actively traded in the commodities space.
US Copper Index ETF (CPER US)

Technically, the ETF is at the start of a third wave (based on the 5-wave analysis), making it an attractive investing option (see labels 1 to 3 on the main chart as well as the insert).

Wave analysis originates from Elliot Wave theory which suggests that major market moves are cyclical in nature. In this case, there are five cycles in the direction of the dominant trend (Motive) and three cycles against the trend (Corrective).

The ETF is trading just below its 200-day simple moving average of $23.80. Price action above the 200-day simple moving average will be indicative of a long-term bullish trend.

Forward calculations of the Relative Strength Index (RSI) suggest the stock will be in overbought territory at around $32; this classifies our price target of $30 as realistic.

We suggest a low at-risk allocation for this trade.

Denne historien er fra January 2023-utgaven av Personal Finance.

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Denne historien er fra January 2023-utgaven av Personal Finance.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA PERSONAL FINANCESe alt