Future Trend Analysis Report
Prepared for you on Saturday, January 19, 2019.
COPPER Nov 2019 (NYMEX:HG.X19)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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.X19
The long term trend has been DOWN since Jun 28th, 2018 at 3.084
The intermediate term trend has been UP since Jan 17th, 2019 at 2.690
The short term trend has been UP since Jan 8th, 2019 at 2.685
Smart Scan Analysis for HG.X19
Based on a pre-defined weighted trend formula for chart analysis, HG.X19 scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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