Future Trend Analysis Report
Prepared for you on Saturday, May 28, 2022.
COPPER Jun 2022 (NYMEX:HG.M22)
Sidelines Mode (-55) - HG.M22 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.M22?
MarketClub looks at technical strength and momentum to determine if the timing is right for HG.M22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HG.M22
The long-term trend has been DOWN since May 1st, 2022 at 4.3705
The intermediate-term trend has been DOWN since Apr 11th, 2022 at 4.6815
The short-term trend has been UP since May 27th, 2022 at 4.3205
Smart Scan Analysis for HG.M22
Based on our trend formula, HG.M22 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).