Future Trend Analysis Report
Prepared for you on Wednesday, January 29, 2020.
CORN May 2020 (CBOT:ZC.K20)
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 ZC.K20
The long term trend has been DOWN since Aug 20th, 2019 at 390.00
The intermediate term trend has been DOWN since Jan 7th, 2020 at 390.25
The short term trend has been UP since Jan 29th, 2020 at 393.00
Smart Scan Analysis for ZC.K20
Based on a pre-defined weighted trend formula for chart analysis, ZC.K20 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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