Future Trend Analysis Report
Prepared for you on Monday, June 5, 2023.
SOYBEAN (MINI) Jul 2023 (CBOT:XK.N23)
Sidelines Mode (-55) - XK.N23 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid XK.N23?
MarketClub looks at technical strength and momentum to determine if the timing is right for XK.N23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XK.N23
The long-term trend has been DOWN since Mar 21st, 2023 at 1444.875
The intermediate-term trend has been DOWN since Feb 27th, 2023 at 1497.000
The short-term trend has been UP since Jun 2nd, 2023 at 1328.250
Smart Scan Analysis for XK.N23
Based on our trend formula, XK.N23 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).