Future Trend Analysis Report
Prepared for you on Monday, November 12, 2018.
LIVE CATTLE Dec 2018 (E) (CME:LE.Z18.E)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 LE.Z18.E
The long term trend has been UP since Jul 3rd, 2018 at 114.375
The intermediate term trend has been DOWN since Oct 10th, 2018 at 116.625
The short term trend has been DOWN since Nov 5th, 2018 at 116.575
Smart Scan Analysis for LE.Z18.E
Based on a pre-defined weighted trend formula for chart analysis, LE.Z18.E scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||119.75||Contract High Date||2018-10-01|
|Contract Low||105.8||Contract Low Date||2017-08-11|
|Open Time||09:30||Close Time||14:05|