Future Trend Analysis Report
Prepared for you on Monday, January 21, 2019.
LUMBER (RANDOM LENGTH) Jan 2019 (CME:LBS.F19)
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 LBS.F19
The long term trend has been DOWN since Jul 19th, 2018 at 445.0
The intermediate term trend has been UP since Jan 15th, 2019 at 339.5
The short term trend has been UP since Jan 9th, 2019 at 331.7
Smart Scan Analysis for LBS.F19
Based on a pre-defined weighted trend formula for chart analysis, LBS.F19 scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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