Future Trend Analysis Report
Prepared for you on Friday, September 20, 2019.
ALUMINUM Nov 2019 (NYMEX:ALI.X19)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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 ALI.X19
The long term trend has been DOWN since Aug 9th, 2019 at 1874.25
The intermediate term trend has been UP since Sep 10th, 2019 at 1814.75
The short term trend has been UP since Sep 19th, 2019 at 1795.50
Smart Scan Analysis for ALI.X19
Based on a pre-defined weighted trend formula for chart analysis, ALI.X19 scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).