Future Trend Analysis Report
Prepared for you on Friday, July 19, 2019.
COPPER Dec 2019 (NYMEX:HG.Z19)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for HG.Z19
The long term trend has been DOWN since May 5th, 2019 at 2.775
The intermediate term trend has been UP since Jul 18th, 2019 at 2.763
The short term trend has been UP since Jul 10th, 2019 at 2.680
Smart Scan Analysis for HG.Z19
Based on a pre-defined weighted trend formula for chart analysis, HG.Z19 scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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