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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.

Open High Low HG.K24 Price Change
3.8035 3.8075 3.8035 3.8070 +0.0005
Entry Signal

MarketClub’s Trade Triangles for HG.K24

long term up The long-term trend has been UP since Dec 1st, 2023 at 3.9345

intermediate term up The intermediate-term trend has been UP since Oct 27th, 2023 at 3.7075

short term down 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).

Smart Scan Analysis for HG.K24
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.8035 3.8075 3.8035 3.8070 +0.0005
Prev. Close Volume Bid Ask Time
3.8490 619 2023-12-05 18:50:52
Expiration2024-05-29Open Time18:00
Close Time17:00
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