Future Trend Analysis Report
Prepared for you on Friday, December 14, 2018.
COPPER Dec 2019 (E) (NYMEX:HG.Z19.E)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with money management 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.Z19.E
The long term trend has been DOWN since Jun 27th, 2018 at 3.0875
The intermediate term trend has been DOWN since Oct 18th, 2018 at 2.7930
The short term trend has been UP since Nov 28th, 2018 at 2.8145
Smart Scan Analysis for HG.Z19.E
Based on a pre-defined weighted trend formula for chart analysis, HG.Z19.E scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||3.37||Contract High Date||2018-06-08|
|Contract Low||2.25||Contract Low Date||2016-08-04|
|Estimated Volume||215||First Delivery||2019-12-31|