Future Trend Analysis Report
Prepared for you on Thursday, August 5, 2021.
COPPER Jan 2022 (NYMEX:HG.F22)
Sidelines Mode (+55) - HG.F22 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.F22?
MarketClub looks at technical strength and momentum to determine if the timing is right for HG.F22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HG.F22
The long-term trend has been UP since Oct 30th, 2020 at 2.9930
The intermediate-term trend has been UP since Jul 23rd, 2021 at 4.3500
The short-term trend has been DOWN since Aug 3rd, 2021 at 4.4335
Smart Scan Analysis for HG.F22
Based on our trend formula, HG.F22 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).