Future Trend Analysis Report
Prepared for you on Sunday, June 16, 2019.
LIVE CATTLE Aug 2020 (CME:LE.Q20)
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.Q20
The long term trend has been DOWN since May 3rd, 2019 at 111.850
The intermediate term trend has been DOWN since Apr 25th, 2019 at 115.425
The short term trend has been DOWN since Jun 13th, 2019 at 108.700
Smart Scan Analysis for LE.Q20
Based on a pre-defined weighted trend formula for chart analysis, LE.Q20 scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).