Future Trend Analysis Report
Prepared for you on Tuesday, June 6, 2023.
COPPER Nov 2023 (NYMEX:HG.X23)
Sidelines Mode (+50) - HG.X23 is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until HG.X23 can gain momentum.
Is it time to buy, sell, or avoid HG.X23?
MarketClub looks at technical strength and momentum to determine if the timing is right for HG.X23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HG.X23
The long-term trend has been DOWN since Apr 26th, 2023 at 3.8800
The intermediate-term trend has been UP since Jun 5th, 2023 at 3.7875
The short-term trend has been UP since Jun 1st, 2023 at 3.6950
Smart Scan Analysis for HG.X23
Based on our trend formula, HG.X23 is rated as a +50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).