Future Trend Analysis Report
Prepared for you on Monday, January 20, 2020.
LIVE CATTLE Feb 2020 (CME:LE.G20)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend 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 LE.G20
The long term trend has been UP since Oct 14th, 2019 at 118.400
The intermediate term trend has been UP since Sep 13th, 2019 at 111.625
The short term trend has been DOWN since Jan 15th, 2020 at 126.300
Smart Scan Analysis for LE.G20
Based on a pre-defined weighted trend formula for chart analysis, LE.G20 scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).