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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.

Open High Low HG.X23 Price Change
3.7940 3.7940 3.7930 3.7930 +0.0035
Entry Signal

MarketClub’s Trade Triangles for HG.X23

long term down The long-term trend has been DOWN since Apr 26th, 2023 at 3.8800

intermediate term up The intermediate-term trend has been UP since Jun 5th, 2023 at 3.7875

short term up 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).

Smart Scan Analysis for HG.X23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
3.7940 3.7940 3.7930 3.7930 +0.0035
Prev. Close Volume Bid Ask Time
3.7895 10 2023-06-06 13:05:48
Expiration2023-11-28Open Time18:00
Close Time17:00
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