Future Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
COPPER Nov 2023 (NYMEX:HG.X23)
Bull Market Weakness (+75) - HG.X23 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on HG.X23 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid HG.X23?
MarketClub looks at technical strength and momentum to determine if the timing is right for HG.X23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HG.X23
The long-term trend has been DOWN since Apr 26th, 2023 at 3.8800
The intermediate-term trend has been UP since Oct 30th, 2023 at 3.6675
The short-term trend has been UP since Nov 28th, 2023 at 3.7800
Smart Scan Analysis for HG.X23
Based on our trend formula, HG.X23 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).