Future Trend Analysis Report
Prepared for you on Thursday, June 30, 2022.
COPPER Sep 2022 (NYMEX:HG.U22)
Strong Downtrend (-100) - HG.U22 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, HG.U22 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid HG.U22?
MarketClub looks at technical strength and momentum to determine if the timing is right for HG.U22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HG.U22
The long-term trend has been DOWN since May 2nd, 2022 at 4.3035
The intermediate-term trend has been DOWN since Jun 12th, 2022 at 4.2455
The short-term trend has been DOWN since Jun 6th, 2022 at 4.4205
Smart Scan Analysis for HG.U22
Based on our trend formula, HG.U22 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).