Future Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
COPPER Sep 2020 (NYMEX:HG.U20)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for HG.U20
The long term trend has been DOWN since May 2nd, 2019 at 2.9420
The intermediate term trend has been UP since Sep 5th, 2019 at 2.6355
The short term trend has been DOWN since Sep 18th, 2019 at 2.6600
Smart Scan Analysis for HG.U20
Based on a pre-defined weighted trend formula for chart analysis, HG.U20 scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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