Future Trend Analysis Report
Prepared for you on Thursday, October 19, 2017.
BUTTER-CASH SETTLED Oct 2017 (E) (CME:CB.V17.E)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 CB.V17.E
The long term trend has been DOWN since Sep 5th, 2017 at 248.000
The intermediate term trend has been DOWN since Aug 21st, 2017 at 265.775
The short term trend has been UP since Oct 11th, 2017 at 237.500
Smart Scan Analysis for CB.V17.E
Based on a pre-defined weighted trend formula for chart analysis, CB.V17.E scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||278.5||Contract High Date||2017-07-30|
|Contract Low||200||Contract Low Date||2016-06-08|
|Open Time||18:00||Close Time||17:00|