Future Trend Analysis Report
Prepared for you on Thursday, September 19, 2019.
SILVER Dec 2020 (NYMEX:SI.Z20)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight 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 SI.Z20
The long term trend has been UP since Jul 16th, 2019 at 16.035
The intermediate term trend has been UP since Jul 16th, 2019 at 15.940
The short term trend has been DOWN since Sep 18th, 2019 at 18.200
Smart Scan Analysis for SI.Z20
Based on a pre-defined weighted trend formula for chart analysis, SI.Z20 scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Open Time||18:00||Close Time||17:00|