Future Trend Analysis Report
Prepared for you on Thursday, August 22, 2019.
ROUGH RICE Nov 2019 (CBOT:ZR.X19)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 ZR.X19
The long term trend has been UP since May 8th, 2019 at 11.190
The intermediate term trend has been DOWN since Aug 5th, 2019 at 11.865
The short term trend has been DOWN since Aug 15th, 2019 at 11.655
Smart Scan Analysis for ZR.X19
Based on a pre-defined weighted trend formula for chart analysis, ZR.X19 scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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