Future Trend Analysis Report
Prepared for you on Friday, May 24, 2019.
LUMBER (RANDOM LENGTH) Jul 2019 (CME:LBS.N19)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for LBS.N19
The long term trend has been DOWN since Apr 9th, 2019 at 344.8
The intermediate term trend has been DOWN since May 20th, 2019 at 321.1
The short term trend has been UP since May 23rd, 2019 at 325.2
Smart Scan Analysis for LBS.N19
Based on a pre-defined weighted trend formula for chart analysis, LBS.N19 scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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