Future Trend Analysis Report
Prepared for you on Saturday, January 18, 2020.
SOYBEAN (MINI) May 2020 (CBOT:XK.K20)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend 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 XK.K20
The long term trend has been UP since Oct 1st, 2019 at 937.875
The intermediate term trend has been DOWN since Jan 15th, 2020 at 951.750
The short term trend has been DOWN since Jan 9th, 2020 at 953.500
Smart Scan Analysis for XK.K20
Based on a pre-defined weighted trend formula for chart analysis, XK.K20 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Open Time||20:00||Close Time||14:45|