Future Trend Analysis Report
Prepared for you on Thursday, October 28, 2021.
LUMBER (RANDOM LENGTH) Nov 2021 (CME:LBS.X21)
Strong Downtrend (-100) - LBS.X21 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid LBS.X21?
MarketClub looks at technical strength and momentum to determine if the timing is right for LBS.X21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for LBS.X21
The long-term trend has been DOWN since Jul 1st, 2021 at 699.0
The intermediate-term trend has been DOWN since Oct 28th, 2021 at 620.2
The short-term trend has been DOWN since Oct 19th, 2021 at 745.0
Smart Scan Analysis for LBS.X21
Based on our trend formula, LBS.X21 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).