Future Trend Analysis Report
Prepared for you on Saturday, January 22, 2022.
COPPER Dec 2023 (NYMEX:HG.Z23)
Bull Market Weakness (+75) - HG.Z23 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on HG.Z23 as it may be in the beginning stages of a reversal.
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 UP since Oct 20th, 2021 at 4.325
The intermediate-term trend has been UP since Dec 21st, 2021 at 4.180
The short-term trend has been UP since Dec 21st, 2021 at 4.180
Smart Scan Analysis for HG.Z23
Based on our trend formula, HG.Z23 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).