Future Trend Analysis Report
Prepared for you on Monday, October 25, 2021.
NATIONAL SOYBEAN INDEX OCTOBER 2021 (MGEX:@IS.V21)
Strong Downtrend (-100) - @IS.V21 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 @IS.V21?
MarketClub looks at technical strength and momentum to determine if the timing is right for @IS.V21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @IS.V21
The long-term trend has been DOWN since Sep 7th, 2021 at 1277
The intermediate-term trend has been DOWN since Sep 7th, 2021 at 1277
The short-term trend has been DOWN since Sep 29th, 2021 at 1254
Smart Scan Analysis for @IS.V21
Based on our trend formula, @IS.V21 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).