Future Trend Analysis Report
Prepared for you on Monday, October 19, 2020.
COPPER Jul 2021 (NYMEX:HG.N21)
Long-Term Uptrend (+90) - HG.N21 is in a strong uptrend that is likely to continue. While HG.N21 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid HG.N21?
MarketClub looks at technical strength and momentum to determine if the timing is right for HG.N21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HG.N21
The long-term trend has been UP since Jun 2nd, 2020 at 2.5045
The intermediate-term trend has been UP since Oct 19th, 2020 at 3.0955
The short-term trend has been UP since Oct 7th, 2020 at 3.0020
Smart Scan Analysis for HG.N21
Based on our trend formula, HG.N21 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).