Future Trend Analysis Report
Prepared for you on Friday, October 19, 2018.
SOYBEAN (MINI) Nov 2018 (E) (CBOT:XK.X18.E)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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 XK.X18.E
The long term trend has been DOWN since Jun 7th, 2018 at 998.875
The intermediate term trend has been UP since Sep 20th, 2018 at 853.250
The short term trend has been DOWN since Oct 18th, 2018 at 863.875
Smart Scan Analysis for XK.X18.E
Based on a pre-defined weighted trend formula for chart analysis, XK.X18.E scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||1060||Contract High Date||2018-05-29|
|Contract Low||812.25||Contract Low Date||2018-09-18|
|Estimated Volume||641||First Delivery||2018-12-04|