Future Trend Analysis Report
Prepared for you on Thursday, December 3, 2020.
LUMBER (RANDOM LENGTH) Jan 2021 (CME:LBS.F21)
Long-Term Uptrend (+90) - LBS.F21 is in a strong uptrend that is likely to continue. While LBS.F21 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 LBS.F21?
MarketClub looks at technical strength and momentum to determine if the timing is right for LBS.F21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for LBS.F21
The long-term trend has been UP since May 8th, 2020 at 342.0
The intermediate-term trend has been UP since Nov 2nd, 2020 at 501.3
The short-term trend has been UP since Nov 30th, 2020 at 632.1
Smart Scan Analysis for LBS.F21
Based on our trend formula, LBS.F21 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).