Future Trend Analysis Report
Prepared for you on Monday, March 30, 2020.
COPPER May 2020 (NYMEX:HG.K20)
Long-Term Downtrend (-90) - HG.K20 is in a strong downtrend that is likely to continue. While HG.K20 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid HG.K20?
MarketClub looks at technical strength and momentum to determine if the timing is right for HG.K20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HG.K20
The long-term trend has been DOWN since Jan 29th, 2020 at 2.5445
The intermediate-term trend has been DOWN since Jan 23rd, 2020 at 2.7685
The short-term trend has been DOWN since Mar 5th, 2020 at 2.5770
Smart Scan Analysis for HG.K20
Based on our trend formula, HG.K20 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
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