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Base Metals Technical Analysis - update Copper Arb: reversal

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CES Team - New York Desk
By :  ,  CES Team - New York Desk
Yesterday 4:10 PM

update Copper Arb: reversal

 

 
  • James Dima
  • Director - Institutional Sales - Professional Trading Group

  • [email protected]

H 2025 COMEX Copper vs. LME Copper spread: our 1/17, negative reversal study has achieved target 1 rather quickly (2nd study at bottom of page; bearish COMEX).

The top chart details the 20 day average (black line at 280 which has been tested). Sustained closes below this average projects to the 40 day average (pink line at 208).

image-20250120111138-1

Sent: Friday, January 17, 2025 1:26 PM
Subject: Copper Arb: reversal

H 2025 COMEX Copper vs. LME Copper spread: today, a negative RSI close below 70 was confirmed (lower pane; bearish COMEX). Prior similar setup was on 6/6/22.

image-20250120111138-2

Related tags: Base Metals

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