Future Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
COPPER May 2020 (NYMEX:HG.K20)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for HG.K20
The long term trend has been DOWN since May 9th, 2019 at 2.798
The intermediate term trend has been DOWN since Sep 30th, 2019 at 2.594
The short term trend has been UP since Oct 7th, 2019 at 2.577
Smart Scan Analysis for HG.K20
Based on a pre-defined weighted trend formula for chart analysis, HG.K20 scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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