Future Trend Analysis Report
Prepared for you on Saturday, January 19, 2019.
COPPER May 2019 (NYMEX:HG.K19)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for HG.K19
The long term trend has been DOWN since Jun 28th, 2018 at 3.035
The intermediate term trend has been UP since Jan 18th, 2019 at 2.728
The short term trend has been UP since Jan 16th, 2019 at 2.670
Smart Scan Analysis for HG.K19
Based on a pre-defined weighted trend formula for chart analysis, HG.K19 scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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