Future Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
LIVE CATTLE Jun 2020 (CME:LE.M20)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend 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 LE.M20
The long term trend has been DOWN since May 3rd, 2019 at 112.000
The intermediate term trend has been DOWN since Jul 31st, 2019 at 111.025
The short term trend has been DOWN since Jul 29th, 2019 at 112.675
Smart Scan Analysis for LE.M20
Based on a pre-defined weighted trend formula for chart analysis, LE.M20 scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).