Future Trend Analysis Report
Prepared for you on Wednesday, October 16, 2019.
SILVER Jul 2020 (NYMEX:SI.N20)
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 SI.N20
The long term trend has been UP since Jul 16th, 2019 at 15.875
The intermediate term trend has been DOWN since Sep 27th, 2019 at 17.810
The short term trend has been DOWN since Oct 11th, 2019 at 17.740
Smart Scan Analysis for SI.N20
Based on a pre-defined weighted trend formula for chart analysis, SI.N20 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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