Future Trend Analysis Report
Prepared for you on Saturday, September 21, 2019.
COCOA SEPTEMBER 2019 (ICE:@CC.U19)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range 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 @CC.U19
The long term trend has been DOWN since Aug 7th, 2019 at 2228
The intermediate term trend has been UP since Sep 13th, 2019 at 2238
The short term trend has been UP since Sep 13th, 2019 at 2238
Smart Scan Analysis for @CC.U19
Based on a pre-defined weighted trend formula for chart analysis, @CC.U19 scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2827||52wk High Date||2018-05-11|
|52wk Low||1995||52wk Low Date||2017-12-13|