Future Trend Analysis Report
Prepared for you on Monday, August 19, 2019.
FEEDER CATTLE Nov 2019 (CME:GF.X19)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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 GF.X19
The long term trend has been DOWN since May 3rd, 2019 at 149.000
The intermediate term trend has been DOWN since Aug 2nd, 2019 at 138.325
The short term trend has been UP since Aug 15th, 2019 at 135.000
Smart Scan Analysis for GF.X19
Based on a pre-defined weighted trend formula for chart analysis, GF.X19 scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).