Future Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
SILVER Jul 2019 (E) (NYMEX:SI.N19.E)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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.N19.E
The long term trend has been DOWN since Apr 30th, 2018 at 16.836
The intermediate term trend has been UP since Sep 25th, 2018 at 14.750
The short term trend has been UP since Oct 11th, 2018 at 14.775
Smart Scan Analysis for SI.N19.E
Based on a pre-defined weighted trend formula for chart analysis, SI.N19.E scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||18.285||Contract High Date||2014-12-09|
|Contract Low||14.25||Contract Low Date||2018-09-11|
|Estimated Volume||174||First Delivery||2019-07-31|