Future Trend Analysis Report
Prepared for you on Thursday, May 13, 2021.
LUMBER (RANDOM LENGTH) May 2021 (CME:LBS.K21)
Countertrend Up (+85) - LBS.K21 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Jan 22nd, 2021 at 717.9
The short-term trend has been DOWN since May 11th, 2021 at 1600.0
Smart Scan Analysis for LBS.K21
Based on our trend formula, LBS.K21 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).