Future Trend Analysis Report
Prepared for you on Thursday, August 17, 2017.
LIVE CATTLE Oct 2017 (E) (CME:LE.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 LE.V17.E
The long term trend has been DOWN since Aug 7th, 2017 at 111.150
The intermediate term trend has been DOWN since Jul 31st, 2017 at 111.725
The short term trend has been UP since Aug 16th, 2017 at 109.575
Smart Scan Analysis for LE.V17.E
Based on a pre-defined weighted trend formula for chart analysis, LE.V17.E scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||122.85||Contract High Date||2017-06-06|
|Contract Low||91.75||Contract Low Date||2016-10-13|
|Open Time||09:30||Close Time||14:05|