Future Trend Analysis Report
Prepared for you on Tuesday, June 2, 2020.
COPPER May 2020 (NYMEX:HG.K20)
Sidelines Mode (-55) - HG.K20 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid HG.K20?
MarketClub looks at technical strength and momentum to determine if the timing is right for HG.K20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HG.K20
The long-term trend has been DOWN since Jan 29th, 2020 at 2.5445
The intermediate-term trend has been UP since Apr 12th, 2020 at 2.2885
The short-term trend has been DOWN since May 22nd, 2020 at 2.4100
Smart Scan Analysis for HG.K20
Based on our trend formula, HG.K20 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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