Future Trend Analysis Report
Prepared for you on Wednesday, October 21, 2020.
SOYBEAN (MINI) May 2021 (CBOT:XK.K21)
Long-Term Uptrend (+90) - XK.K21 is in a strong uptrend that is likely to continue. While XK.K21 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid XK.K21?
MarketClub looks at technical strength and momentum to determine if the timing is right for XK.K21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XK.K21
The long-term trend has been UP since Jun 7th, 2020 at 874.000
The intermediate-term trend has been UP since Aug 13th, 2020 at 900.125
The short-term trend has been UP since Oct 16th, 2020 at 1040.250
Smart Scan Analysis for XK.K21
Based on our trend formula, XK.K21 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).