Future Trend Analysis Report
Prepared for you on Wednesday, April 8, 2020.
COPPER Nov 2020 (NYMEX:HG.X20)
Bear Market Rally (-75) - HG.X20 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on HG.X20 as it may be in the beginning of a reversal.
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 DOWN since Jan 30th, 2020 at 2.580
The intermediate-term trend has been DOWN since Feb 28th, 2020 at 2.531
The short-term trend has been UP since Apr 6th, 2020 at 2.230
Smart Scan Analysis for HG.X20
Based on our trend formula, HG.X20 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).