Future Trend Analysis Report
Prepared for you on Wednesday, October 27, 2021.
COPPER Nov 2021 (NYMEX:HG.X21)
Sidelines Mode (+55) - HG.X21 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid HG.X21?
MarketClub looks at technical strength and momentum to determine if the timing is right for HG.X21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HG.X21
The long-term trend has been UP since Oct 14th, 2021 at 4.5665
The intermediate-term trend has been UP since Oct 11th, 2021 at 4.3020
The short-term trend has been DOWN since Oct 21st, 2021 at 4.6320
Smart Scan Analysis for HG.X21
Based on our trend formula, HG.X21 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).