Future Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
COPPER Dec 2024 (NYMEX:HG.Z24)
Long-Term Uptrend (+90) - HG.Z24 is in a strong uptrend that is likely to continue. While HG.Z24 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid HG.Z24?
MarketClub looks at technical strength and momentum to determine if the timing is right for HG.Z24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for HG.Z24
The long-term trend has been UP since Dec 1st, 2023 at 3.956
The intermediate-term trend has been UP since Oct 27th, 2023 at 3.751
The short-term trend has been UP since Nov 14th, 2023 at 3.802
Smart Scan Analysis for HG.Z24
Based on our trend formula, HG.Z24 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).