Future Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
ETHANOL Nov 2019 (CBOT:EH.X19)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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 EH.X19
The long term trend has been UP since Sep 30th, 2019 at 1.459
The intermediate term trend has been UP since Sep 15th, 2019 at 1.364
The short term trend has been UP since Oct 8th, 2019 at 1.437
Smart Scan Analysis for EH.X19
Based on a pre-defined weighted trend formula for chart analysis, EH.X19 scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).