COPX Global X Funds - Global X Copper Miners ETF

$COPX ~ Copper Stocks ETF. Weekly Close. Down -0.95% last week. Dr Copper: COPX was showing the most bullish (ABC) {Wave 2} bottom scenario out of all metals ETFs i follow closely (GDX/SILJ/SPPP/GLD/SLV) in Oct 2026. COPX is now leading all the metals ETFs higher since Aug 2026. This was as textbook as you will ever see a complete Elliott Wave (5 wave) impulsive fractal structure which unfolded before our eyes off the April 2025 (TACO Tariff) “VIX 60” generational low. COPX was clearly in a (5th wave) blowoff on ungodly sell volume (red) in the last week of Jan 2026 (silver 120usd). Notice the steep uptrend line in gold that started in Sept 2025 was broken to the downside in March 2026. Gold has now broken the downtrend line in Aug 2026 to the upside that had been in place since March 2026. If the markets (SPY/QQQ/DIA) crash anytime soon i would love to buy 2029 calls in COPX at much lower temporary panic prices. $GLD $SLV $GDX $SPY

$COPX ~ Copper Stocks ETF. Weekly Close. Down -6.73% last week. Dr Copper: COPX was showing the most bullish (ABC) {Wave 2} bottom scenario out of all metals ETFs in follow closely (GDX/SILJ/SPPP/GLD/SLV). As long as COPX stays over 86 level this {Wave 2} bottom scenario is still in play. If COPX breaks below 86 a re-evaluation of the Elliott Wave count will occur. This was as textbook as you will ever see a complete Elliott Wave (5 wave) impulsive fractal structure which unfolded before our eyes off the April 2025 (TACO Tariff) “VIX 60” generational low. COPX was clearly in a (5th wave) blowoff on ungodly sell volume (red) in the last week of Jan 2026 (silver 120usd). Notice the steep uptrend line in gold that started in Sept 2025 was broken to the downside in March 2026. Gold has now broken the downtrend line since Aug 2026 that had been in place since March 2026. Good luck to all. $GLD $SLV $GDX $SPY

$COPX ~ Copper Stocks ETF. Weekly Close. Down -8.61% this week. Starting to breakdown in late Oct 2026 which is a big warning sign for bulls. Dr Copper: COPX was showing the most bullish (ABC) {Wave 2} bottom scenario out of all metals ETFs i follow closely (GDX/SILJ/SPPP/GLD/SLV). As long as COPX stays over 68 level this {Wave 2} bottom scenario is still in play. If COPX breaks below 68 a re-evaluation of the Elliott Wave count will occur. This was as textbook as you will ever see a complete Elliott Wave (5 wave) impulsive fractal structure which unfolded before our eyes off the April 2025 (TACO Tariff) “VIX 60” generational low. COPX was clearly in a (5th wave) blowoff on ungodly sell volume (red) in the last week of Jan 2026 (silver 120usd). Notice the steep uptrend line in gold that started in Sept 2025 was broken to the downside in March 2026. Gold has now broken the downtrend line since Aug 2026 that had been in place since March 2026. Good luck to all. $SPY $DIA $GLD $GDX

Big moves on $COPX today Saw three massive Nov 20 $95 call blocks totaling around 39.6k contracts hit the ask on InsiderFinance That’s some serious institutional action with only about 1.1k open interest at that strike Looks like a strong play on copper miners with all the supply-shock headlines out there Escondida strike and weak Chilean output plus low Chinese inventories are keeping the copper supply tight This could keep volatility up in copper miners so leaning long with calls or call spreads makes sense COPX jumped 3.0% today Just a sharp 1-day move against a flat 5-day change If you're jumping in, size those positions right

$COPX options flow lesson: chart and flow can disagree. Options activity describes the derivatives tape while the daily chart describes price structure. A disagreement is information, not an error to hide. The alert snapshot shows $2.4M in the Nov 20 $95 calls. Volume was 10.3x standing open interest at capture. Intraday volume does not establish whether a position was opened or held; the next settled open interest is the check.