Future Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
SILVER 1000 OZ Dec 2018 (E) (NYMEX:SIL.Z18.E)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 SIL.Z18.E
The long term trend has been DOWN since Feb 2nd, 2018 at 17.247
The intermediate term trend has been UP since Sep 25th, 2018 at 14.580
The short term trend has been DOWN since Oct 17th, 2018 at 14.620
Smart Scan Analysis for SIL.Z18.E
Based on a pre-defined weighted trend formula for chart analysis, SIL.Z18.E scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||17.87||Contract High Date||2018-01-25|
|Contract Low||13.97||Contract Low Date||2018-09-11|
|Estimated Volume||310||First Delivery||2018-12-31|