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Future Trend Analysis Report
Prepared for you on Tuesday, October 3, 2023.
COPPER Mar 2024 (NYMEX:HG.H24)
Strong Downtrend (-100) - HG.H24 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, HG.H24 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid HG.H24?
MarketClub looks at technical strength and momentum to determine if the timing is right for HG.H24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for HG.H24
The long-term trend has been DOWN since May 11th, 2023 at 3.8500
The intermediate-term trend has been DOWN since Sep 21st, 2023 at 3.7345
The short-term trend has been DOWN since Oct 2nd, 2023 at 3.7375
Smart Scan Analysis for HG.H24
Based on our trend formula, HG.H24 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 3.6710 | 3.6710 | 3.6335 | 3.6340 | -0.0390 |
| Prev. Close | Volume | Bid | Ask | Time |
| 3.6730 | 373 | 2023-10-02 23:20:06 |
| Expiration | 2024-03-26 | Open Time | 08:10 |
| Close Time | 13:00 |