Future Trend Analysis Report
Prepared for you on Saturday, May 27, 2023.
COPPER Jul 2023 (NYMEX:HG.N23)
Countertrend Down (-85) - HG.N23 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid HG.N23?
MarketClub looks at technical strength and momentum to determine if the timing is right for HG.N23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HG.N23
The long-term trend has been DOWN since May 5th, 2023 at 3.8255
The intermediate-term trend has been DOWN since Apr 24th, 2023 at 3.9665
The short-term trend has been UP since May 26th, 2023 at 3.6475
Smart Scan Analysis for HG.N23
Based on our trend formula, HG.N23 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).