Future Trend Analysis Report
Prepared for you on Thursday, November 21, 2019.
LUMBER (RANDOM LENGTH) Jan 2020 (CME:LBS.F20)
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.F20
The long term trend has been UP since Jun 11th, 2019 at 329.7
The intermediate term trend has been DOWN since Nov 12th, 2019 at 388.1
The short term trend has been UP since Nov 14th, 2019 at 395.0
Smart Scan Analysis for LBS.F20
Based on a pre-defined weighted trend formula for chart analysis, LBS.F20 scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).