Future Trend Analysis Report
Prepared for you on Friday, December 8, 2023.
COPPER Mar 2024 (NYMEX:HG.H24)
Bull Market Weakness (+75) - HG.H24 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on HG.H24 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid HG.H24?
MarketClub looks at technical strength and momentum to determine if the timing is right for HG.H24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HG.H24
The long-term trend has been UP since Dec 1st, 2023 at 3.9265
The intermediate-term trend has been UP since Nov 1st, 2023 at 3.7000
The short-term trend has been UP since Dec 8th, 2023 at 3.8070
Smart Scan Analysis for HG.H24
Based on our trend formula, HG.H24 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).