Future Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
PROPANE US RACK AVG Cash (NYMEX:PN.Y$$)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for PN.Y$$
The long term trend has been UP since Aug 13th, 2018 at 0.9225
The intermediate term trend has been UP since Jul 2nd, 2018 at 0.8391
The short term trend has been DOWN since Oct 19th, 2018 at 0.9874
Smart Scan Analysis for PN.Y$$
Based on a pre-defined weighted trend formula for chart analysis, PN.Y$$ scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||3.8458||Contract High Date||2014-01-27|
|Contract Low||0.9312||Contract Low Date||2013-01-16|
|Open Time||06:00||Close Time||09:00|