Future Trend Analysis Report
Prepared for you on Monday, April 24, 2017.
SILVER May 2017 (E) (NYMEX:SI.K17.E)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 SI.K17.E
The long term trend has been UP since Apr 13th, 2017 at 18.540
The intermediate term trend has been DOWN since Apr 23rd, 2017 at 17.735
The short term trend has been DOWN since Apr 18th, 2017 at 18.415
Smart Scan Analysis for SI.K17.E
Based on a pre-defined weighted trend formula for chart analysis, SI.K17.E scored -60 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||91809||First Delivery||2017-05-31|