Spread Trend Analysis Report
Prepared for you on Tuesday, September 22, 2020.
SUGAR #11 WORLD MAY 22/JUL 22 (ICE:@SB.K22-@SB.N22)
Long-Term Downtrend (-90) - @SB.K22-@SB.N22 is in a strong downtrend that is likely to continue. While @SB.K22-@SB.N22 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid @SB.K22-@SB.N22?
MarketClub looks at technical strength and momentum to determine if the timing is right for @SB.K22-@SB.N22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @SB.K22-@SB.N22
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 @SB.K22-@SB.N22
Based on our trend formula, @SB.K22-@SB.N22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||0.41||52wk High Date||2020-08-25|
|52wk Low||-0.09||52wk Low Date||2020-04-01|