Future Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
SOYBEAN (MINI) Jan 2023 (CBOT:XK.F23)
Bear Market Rally (-75) - XK.F23 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on XK.F23 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid XK.F23?
MarketClub looks at technical strength and momentum to determine if the timing is right for XK.F23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XK.F23
The long-term trend has been DOWN since Jul 1st, 2022 at 1406.00
The intermediate-term trend has been UP since Jul 27th, 2022 at 1425.75
The short-term trend has been DOWN since Aug 15th, 2022 at 1423.75
Smart Scan Analysis for XK.F23
Based on our trend formula, XK.F23 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).