Future Trend Analysis Report
Prepared for you on Monday, March 1, 2021.
COPPER Jun 2021 (NYMEX:HG.M21)
Countertrend Up (+85) - HG.M21 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
Is it time to buy, sell, or avoid HG.M21?
MarketClub looks at technical strength and momentum to determine if the timing is right for HG.M21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HG.M21
The long-term trend has been UP since Jun 3rd, 2020 at 2.5075
The intermediate-term trend has been UP since Feb 9th, 2021 at 3.6735
The short-term trend has been DOWN since Feb 26th, 2021 at 4.2055
Smart Scan Analysis for HG.M21
Based on our trend formula, HG.M21 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).