Future Trend Analysis Report
Prepared for you on Tuesday, January 31, 2023.
COPPER Jan 2023 (NYMEX:HG.F23)
Strong Uptrend (+100) - HG.F23 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, HG.F23 continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid HG.F23?
MarketClub looks at technical strength and momentum to determine if the timing is right for HG.F23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HG.F23
The long-term trend has been UP since Nov 9th, 2022 at 3.7165
The intermediate-term trend has been UP since Jan 6th, 2023 at 3.8645
The short-term trend has been UP since Jan 26th, 2023 at 4.2515
Smart Scan Analysis for HG.F23
Based on our trend formula, HG.F23 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).