Future Trend Analysis Report
Prepared for you on Monday, November 19, 2018.
COPPER Jun 2019 (E) (NYMEX:HG.M19.E)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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.M19.E
The long term trend has been DOWN since Jun 28th, 2018 at 3.0640
The intermediate term trend has been DOWN since Oct 18th, 2018 at 2.7945
The short term trend has been UP since Nov 15th, 2018 at 2.7610
Smart Scan Analysis for HG.M19.E
Based on a pre-defined weighted trend formula for chart analysis, HG.M19.E scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||3.3865||Contract High Date||2018-06-07|
|Contract Low||2.6285||Contract Low Date||2018-09-11|
|Estimated Volume||316||First Delivery||2019-06-28|