Future Trend Analysis Report
Prepared for you on Monday, June 18, 2018.
IRON ORE 62% FE CFR CHINA TSI Jun 2018 (E) (NYMEX:TIO.M18.E)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 TIO.M18.E
The long term trend has been DOWN since Mar 23rd, 2018 at 63.90
The intermediate term trend has been DOWN since May 22nd, 2018 at 65.40
The short term trend has been UP since May 31st, 2018 at 64.27
Smart Scan Analysis for TIO.M18.E
Based on a pre-defined weighted trend formula for chart analysis, TIO.M18.E scored -65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||68.25||Contract High Date||2018-04-19|
|Contract Low||63.57||Contract Low Date||2018-05-28|
|Estimated Volume||60||First Delivery||2018-07-16|