Future Trend Analysis Report
Prepared for you on Friday, October 30, 2020.
LUMBER (RANDOM LENGTH) Jan 2021 (CME:LBS.F21)
Bull Market Weakness (+75) - LBS.F21 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on LBS.F21 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid LBS.F21?
MarketClub looks at technical strength and momentum to determine if the timing is right for LBS.F21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for LBS.F21
The long-term trend has been UP since May 8th, 2020 at 342.0
The intermediate-term trend has been DOWN since Sep 9th, 2020 at 592.2
The short-term trend has been UP since Oct 27th, 2020 at 478.6
Smart Scan Analysis for LBS.F21
Based on our trend formula, LBS.F21 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).