Future Trend Analysis Report
Prepared for you on Monday, August 19, 2019.
COPPER Oct 2019 (NYMEX:HG.V19)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.V19
The long term trend has been DOWN since May 8th, 2019 at 2.7870
The intermediate term trend has been DOWN since Aug 1st, 2019 at 2.6185
The short term trend has been UP since Aug 8th, 2019 at 2.5840
Smart Scan Analysis for HG.V19
Based on a pre-defined weighted trend formula for chart analysis, HG.V19 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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