Future Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
COPPER Dec 2023 (NYMEX:HG.Z23)
Countertrend Up (+85) - HG.Z23 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid HG.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for HG.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HG.Z23
The long-term trend has been UP since Dec 1st, 2023 at 3.9085
The intermediate-term trend has been UP since Nov 1st, 2023 at 3.6745
The short-term trend has been DOWN since Dec 4th, 2023 at 3.8300
Smart Scan Analysis for HG.Z23
Based on our trend formula, HG.Z23 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).