Future Trend Analysis Report
Prepared for you on Sunday, August 25, 2019.
SILVER 1000 OZ Dec 2019 (NYMEX:SIL.Z19)
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 SIL.Z19
The long term trend has been UP since Jul 16th, 2019 at 15.70
The intermediate term trend has been UP since Jun 6th, 2019 at 14.99
The short term trend has been DOWN since Aug 23rd, 2019 at 17.12
Smart Scan Analysis for SIL.Z19
Based on a pre-defined weighted trend formula for chart analysis, SIL.Z19 scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).