Future Trend Analysis Report
Prepared for you on Wednesday, July 17, 2019.
SOYBEAN (MINI) Nov 2019 (CBOT:XK.X19)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 XK.X19
The long term trend has been DOWN since Mar 12th, 2019 at 923.50
The intermediate term trend has been UP since May 27th, 2019 at 868.00
The short term trend has been DOWN since Jul 16th, 2019 at 913.75
Smart Scan Analysis for XK.X19
Based on a pre-defined weighted trend formula for chart analysis, XK.X19 scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Open Time||20:00||Close Time||14:45|