Copper (HG)

HG is currently into bearish stage of Q-Sp and T-Sp cycles. The phase might be shallow. It is more reasonable to wait for bullish turning point in 1-1.5 weeks.

Seasonal cycle work as inverted for SM=2. On the other hand is had 100% efficiency for the last 5 years prior 2019-2020. It might be resulted in the fact that currently this seasonal cycle is working as normal for the next 12 months.

As you can see seasonal normal cycles fits fast annual curve as well. It will be confirmed if price dynamically turned into bullish trend from the middle of Aug.

D1 TPA suggests 2.70 as support level from which bullish turn is probable in the middle of Aug to the targets 3.00 and 3.10 at least.