Future Trend Analysis Report
Prepared for you on Friday, January 15, 2021.
LUMBER (RANDOM LENGTH) May 2021 (CME:LBS.K21)
Sidelines Mode (+55) - LBS.K21 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 LBS.K21?
MarketClub looks at technical strength and momentum to determine if the timing is right for LBS.K21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for LBS.K21
The long-term trend has been UP since Jul 9th, 2020 at 400.0
The intermediate-term trend has been DOWN since Jan 5th, 2021 at 628.0
The short-term trend has been UP since Jan 14th, 2021 at 618.4
Smart Scan Analysis for LBS.K21
Based on our trend formula, LBS.K21 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).