Future Trend Analysis Report
Prepared for you on Saturday, June 25, 2022.
COPPER Oct 2022 (NYMEX:HG.V22)
Long-Term Downtrend (-90) - HG.V22 is in a strong downtrend that is likely to continue. While HG.V22 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid HG.V22?
MarketClub looks at technical strength and momentum to determine if the timing is right for HG.V22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HG.V22
The long-term trend has been DOWN since May 2nd, 2022 at 4.3990
The intermediate-term trend has been DOWN since Jun 13th, 2022 at 4.2555
The short-term trend has been DOWN since Jun 7th, 2022 at 4.4435
Smart Scan Analysis for HG.V22
Based on our trend formula, HG.V22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).