Future Trend Analysis Report
Prepared for you on Tuesday, August 20, 2019.
LIVE CATTLE Aug 2019 (CME:LE.Q19)
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 LE.Q19
The long term trend has been DOWN since Apr 26th, 2019 at 112.475
The intermediate term trend has been DOWN since Aug 5th, 2019 at 106.575
The short term trend has been UP since Aug 19th, 2019 at 101.300
Smart Scan Analysis for LE.Q19
Based on a pre-defined weighted trend formula for chart analysis, LE.Q19 scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).