Future Trend Analysis Report
Prepared for you on Tuesday, November 12, 2019.
COTTON #2 DECEMBER 2019 (ICE:@CT.Z19)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 @CT.Z19
The long term trend has been DOWN since May 8th, 2019 at 72.25
The intermediate term trend has been UP since Sep 12th, 2019 at 60.25
The short term trend has been UP since Nov 7th, 2019 at 64.04
Smart Scan Analysis for @CT.Z19
Based on a pre-defined weighted trend formula for chart analysis, @CT.Z19 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||84.5||52wk High Date||2018-06-13|
|52wk Low||56.59||52wk Low Date||2019-08-26|