Future Trend Analysis Report
Prepared for you on Friday, June 9, 2023.
COPPER Dec 2023 (NYMEX:HG.Z23)
Crossroads (+60) - HG.Z23 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid HG.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for HG.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HG.Z23
The long-term trend has been DOWN since May 5th, 2023 at 3.850
The intermediate-term trend has been UP since Jun 9th, 2023 at 3.815
The short-term trend has been UP since May 26th, 2023 at 3.681
Smart Scan Analysis for HG.Z23
Based on our trend formula, HG.Z23 is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).