Future Trend Analysis Report
Prepared for you on Sunday, May 19, 2019.
SILVER 1000 OZ May 2019 (NYMEX:SIL.K19)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 SIL.K19
The long term trend has been DOWN since Apr 11th, 2019 at 14.95
The intermediate term trend has been DOWN since Mar 1st, 2019 at 15.56
The short term trend has been DOWN since Apr 30th, 2019 at 14.87
Smart Scan Analysis for SIL.K19
Based on a pre-defined weighted trend formula for chart analysis, SIL.K19 scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Open Time||18:00||Close Time||17:00|