Future Trend Analysis Report
Prepared for you on Tuesday, December 5, 2023.
COPPER May 2024 (NYMEX:HG.K24)
Sidelines Mode (+55) - HG.K24 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.K24?
MarketClub looks at technical strength and momentum to determine if the timing is right for HG.K24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HG.K24
The long-term trend has been UP since Dec 1st, 2023 at 3.9345
The intermediate-term trend has been UP since Oct 27th, 2023 at 3.7075
The short-term trend has been DOWN since Dec 4th, 2023 at 3.8640
Smart Scan Analysis for HG.K24
Based on our trend formula, HG.K24 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).