Future Trend Analysis Report
Prepared for you on Monday, May 16, 2022.
COPPER Jul 2022 (NYMEX:HG.N22)
Long-Term Downtrend (-90) - HG.N22 is in a strong downtrend that is likely to continue. While HG.N22 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid HG.N22?
MarketClub looks at technical strength and momentum to determine if the timing is right for HG.N22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HG.N22
The long-term trend has been DOWN since May 1st, 2022 at 4.3715
The intermediate-term trend has been DOWN since Apr 22nd, 2022 at 4.6415
The short-term trend has been DOWN since May 5th, 2022 at 4.2830
Smart Scan Analysis for HG.N22
Based on our trend formula, HG.N22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).