Future Trend Analysis Report
Prepared for you on Monday, May 22, 2017.
SILVER May 2017 (E) (NYMEX:SI.K17.E)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 SI.K17.E
The long term trend has been DOWN since May 1st, 2017 at 16.825
The intermediate term trend has been DOWN since Apr 23rd, 2017 at 17.735
The short term trend has been UP since May 12th, 2017 at 16.315
Smart Scan Analysis for SI.K17.E
Based on a pre-defined weighted trend formula for chart analysis, SI.K17.E scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||20.945||Contract High Date||2016-08-03|
|Contract Low||14.35||Contract Low Date||2015-11-25|
|Estimated Volume||44||First Delivery||2017-05-31|