Future Trend Analysis Report
Prepared for you on Friday, August 7, 2020.
ETHANOL Aug 2020 (CBOT:EH.Q20)
Long-Term Downtrend (-90) - EH.Q20 is in a strong downtrend that is likely to continue. While EH.Q20 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 EH.Q20?
MarketClub looks at technical strength and momentum to determine if the timing is right for EH.Q20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EH.Q20
The long-term trend has been DOWN since Jul 20th, 2020 at 1.055
The intermediate-term trend has been DOWN since Jul 20th, 2020 at 1.141
The short-term trend has been DOWN since Jul 10th, 2020 at 1.319
Smart Scan Analysis for EH.Q20
Based on our trend formula, EH.Q20 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).