Future Trend Analysis Report
Prepared for you on Saturday, June 3, 2023.
SOYBEANS TAS Jul 2023 (CBOT:SBT.N23)
Long-Term Downtrend (-90) - SBT.N23 is in a strong downtrend that is likely to continue. While SBT.N23 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid SBT.N23?
MarketClub looks at technical strength and momentum to determine if the timing is right for SBT.N23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SBT.N23
The long-term trend has been DOWN since Apr 26th, 2023 at -0.25
The intermediate-term trend has been DOWN since Apr 26th, 2023 at -0.25
The short-term trend has been DOWN since May 9th, 2023 at -0.25
Smart Scan Analysis for SBT.N23
Based on our trend formula, SBT.N23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).