Future Trend Analysis Report
Prepared for you on Sunday, October 2, 2022.
COPPER Aug 2023 (NYMEX:HG.Q23)
Bear Market Rally (-75) - HG.Q23 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on HG.Q23 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid HG.Q23?
MarketClub looks at technical strength and momentum to determine if the timing is right for HG.Q23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HG.Q23
The long-term trend has been DOWN since May 5th, 2022 at 4.4575
The intermediate-term trend has been DOWN since Aug 31st, 2022 at 3.6185
The short-term trend has been UP since Sep 29th, 2022 at 3.3395
Smart Scan Analysis for HG.Q23
Based on our trend formula, HG.Q23 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).