Index Trend Analysis Report
Prepared for you on Thursday, November 23, 2017.
TEUCRIUM WHEAT FUND IV (PACF:WEAT.IV)
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 WEAT.IV
The long term trend has been DOWN since Aug 16th, 2017 at 6.6643
The intermediate term trend has been DOWN since Oct 9th, 2017 at 6.4449
The short term trend has been UP since Nov 21st, 2017 at 6.2272
Smart Scan Analysis for WEAT.IV
Based on a pre-defined weighted trend formula for chart analysis, WEAT.IV scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||8.4432||52wk High Date||2017-07-05|
|52wk Low||2.1299||52wk Low Date||2017-08-30|