Future Trend Analysis Report
Prepared for you on Wednesday, January 22, 2020.
ETHANOL Feb 2020 (CBOT:EH.G20)
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 EH.G20
The long term trend has been DOWN since Nov 27th, 2019 at 1.404
The intermediate term trend has been DOWN since Nov 27th, 2019 at 1.404
The short term trend has been UP since Jan 21st, 2020 at 1.359
Smart Scan Analysis for EH.G20
Based on a pre-defined weighted trend formula for chart analysis, EH.G20 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).