Future Trend Analysis Report
Prepared for you on Wednesday, July 17, 2019.
LIVE CATTLE Dec 2019 (CME:LE.Z19)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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.Z19
The long term trend has been DOWN since Apr 30th, 2019 at 116.400
The intermediate term trend has been UP since Jul 9th, 2019 at 112.775
The short term trend has been DOWN since Jul 17th, 2019 at 113.300
Smart Scan Analysis for LE.Z19
Based on a pre-defined weighted trend formula for chart analysis, LE.Z19 scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).