Future Trend Analysis Report
Prepared for you on Wednesday, November 25, 2020.
NATIONAL SOYBEAN INDEX NOVEMBER 2020 (MGEX:@IS.X20)
Weak Downtrend (-65) - @IS.X20 is showing signs of a strengthening downtrend. Monitor @IS.X20 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid @IS.X20?
MarketClub looks at technical strength and momentum to determine if the timing is right for @IS.X20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @IS.X20
The long-term trend has been DOWN since at
The intermediate-term trend has been DOWN since at
The short-term trend has been DOWN since at
Smart Scan Analysis for @IS.X20
Based on our trend formula, @IS.X20 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).