Future Trend Analysis Report
Prepared for you on Saturday, November 16, 2019.
SILVER 1000 OZ Dec 2019 (NYMEX:SIL.Z19)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-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 SIL.Z19
The long term trend has been UP since Jul 16th, 2019 at 15.70
The intermediate term trend has been DOWN since Nov 7th, 2019 at 17.35
The short term trend has been UP since Nov 13th, 2019 at 16.87
Smart Scan Analysis for SIL.Z19
Based on a pre-defined weighted trend formula for chart analysis, SIL.Z19 scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).