Future Trend Analysis Report
Prepared for you on Monday, October 15, 2018.
COCOA Mar 2020 (E) (NYBOT:CC.H20.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 CC.H20.E
The long term trend has been DOWN since May 31st, 2018 at 2560
The intermediate term trend has been DOWN since Sep 19th, 2018 at 2293
The short term trend has been UP since Oct 12th, 2018 at 2207
Smart Scan Analysis for CC.H20.E
Based on a pre-defined weighted trend formula for chart analysis, CC.H20.E scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||2692||Contract High Date||2018-05-15|
|Contract Low||2103||Contract Low Date||2018-10-01|
|Estimated Volume||131||First Delivery||2020-03-31|