C-Wave for Copper-Miner?We could be in a 1-2 / 1-2 / 1-2 and in the C wave. Let's see if the current 2 holds and we can see an upward impulse after a 5-divider downwards.
Key stats
About Global X Copper Miners ETF
Home page
Inception date
Apr 19, 2010
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Global X Management Co. LLC
Distributor
SEI Investments Distribution Co.
COPX is the first ETF option for a pure-play copper exposure in the equity space. The fund gets this exposure by tracking a market-cap-weighted index that offers broad equity exposure to the global copper mining industry. Although technically a global fund, it has a strong North American exposure. The fund ranks companies according to their average daily trading volume with respect to its exchange over three months. The highest ranked funds are included in the index. The index is rebalanced semi-annually.
Classification
What's in the fund
Exposure type
Non-Energy Minerals
Stock breakdown by region
COPX Bull Call Oct'24Good change Copper will fundamentally increase in the coming months .
Here is a Bull Call for October. (Buy Call 51, Sell Call 54) with a premium around $0.85 and potential max. profit of $2.15... that is a 250% profit margin.
Butterfly COPX for 21 Jan'25. This butterfly for COPX. (copper ETF) for 21 Jan 2025 at 55/57/59 is very interesting as it has a ratio of 1:20. (i.e. $1000 purchase for this butterfly today can turn into $20,000 if COPX reaches a price of 57 on 21 January.
If COPX closes between 55 and 59 in Jan'25 then a percentage of the $
$COPXNot financial advice.
AMEX:COPX Setting up for a possible cup and handle will have to wait for confirmation if it gets rejected at yellow line resistance.
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Copper Prices on the Rise - Do Your Research Before You T
Copper prices have recently reached a 14-month high, driven in part by China's economic improvement. This could be a potential trading opportunity, but it's important to be well-informed before making any decisions.
Copper is a key economic indicator, and its demand is expected to rise. However, t
Copper Miners & Silver#Silver and #Copper getting really interesting.
#miners #inflation #economy #recovery
#COPX Copper miners ETF reclaims support and now heading higherNice reclaim of the broken horizontal and channel support on the COPX Copper miners ETF. Looks like we're headed back to the top of the years trading range at 41.80 which is an approximate move of 12% from current levels. Dr Copper being a proxy for global growth is always a positive for global mark
Copper miners ETFAs we embrace the possibility of an increase in demand for copper in the next age of technology robotics and renewable energy will be dominant. The demand for copper will keep on increasing and this will result in copper mining stocks looking attractive to investors fundamentally.
We are still earl
Long COPX- Zigzag Elliot wave pattern is done
- Divergence on 4D chart with Lower Volume
- Risk about 1.5ATR and aim to ride up to 4.5ATR
- Good Long
- You can enter the strongest stock in sector instead of this ETF, I dont like the stocks because they have poor earnings
- Always try to use 2 timeframes
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.