Future Trend Analysis Report
Prepared for you on Saturday, December 7, 2019.
COPPER Aug 2020 (NYMEX:HG.Q20)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.Q20
The long term trend has been UP since Nov 5th, 2019 at 2.700
The intermediate term trend has been DOWN since Nov 14th, 2019 at 2.661
The short term trend has been DOWN since Nov 14th, 2019 at 2.680
Smart Scan Analysis for HG.Q20
Based on a pre-defined weighted trend formula for chart analysis, HG.Q20 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).