Future Trend Analysis Report
Prepared for you on Sunday, November 29, 2020.
COPPER Nov 2020 (NYMEX:HG.X20)
Long-Term Uptrend (+90) - HG.X20 is in a strong uptrend that is likely to continue. While HG.X20 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.X20?
MarketClub looks at technical strength and momentum to determine if the timing is right for HG.X20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HG.X20
The long-term trend has been UP since Jun 11th, 2020 at 2.613
The intermediate-term trend has been UP since Oct 19th, 2020 at 3.088
The short-term trend has been UP since Nov 13th, 2020 at 3.150
Smart Scan Analysis for HG.X20
Based on our trend formula, HG.X20 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).