Future Trend Analysis Report
Prepared for you on Thursday, July 20, 2017.
LUMBER (RANDOM LENGTH) Jul 2017 (E) (CME:LBS.N17.E)
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.N17.E
The long term trend has been DOWN since May 30th, 2017 at 348.8
The intermediate term trend has been UP since Jun 12th, 2017 at 366.6
The short term trend has been UP since Jul 10th, 2017 at 367.2
Smart Scan Analysis for LBS.N17.E
Based on a pre-defined weighted trend formula for chart analysis, LBS.N17.E scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||417.1||Contract High Date||2017-04-10|
|Contract Low||326||Contract Low Date||2016-11-01|
|Estimated Volume||126||First Delivery||2017-07-31|