Future Trend Analysis Report
Prepared for you on Friday, October 19, 2018.
COPPER Aug 2019 (E) (NYMEX:HG.Q19.E)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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.Q19.E
The long term trend has been DOWN since Jun 28th, 2018 at 3.0735
The intermediate term trend has been UP since Sep 21st, 2018 at 2.8100
The short term trend has been UP since Oct 19th, 2018 at 2.8295
Smart Scan Analysis for HG.Q19.E
Based on a pre-defined weighted trend formula for chart analysis, HG.Q19.E scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||3.346||Contract High Date||2018-06-07|
|Contract Low||2.659||Contract Low Date||2018-08-15|
|Estimated Volume||3||First Delivery||2019-08-30|