Future Trend Analysis Report
Prepared for you on Friday, September 29, 2023.
COPPER Oct 2023 (NYMEX:HG.V23)
Weak Downtrend (-65) - HG.V23 is showing signs of a strengthening downtrend. Monitor HG.V23 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid HG.V23?
MarketClub looks at technical strength and momentum to determine if the timing is right for HG.V23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HG.V23
The long-term trend has been DOWN since Apr 25th, 2023 at 3.8895
The intermediate-term trend has been DOWN since Sep 21st, 2023 at 3.6895
The short-term trend has been UP since Sep 28th, 2023 at 3.6500
Smart Scan Analysis for HG.V23
Based on our trend formula, HG.V23 is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).