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Future Trend Analysis Report
Prepared for you on Friday, May 27, 2022.
LUMBER (RANDOM LENGTH) Jul 2022 (CME:LBS.N22)
Countertrend Down (-85) - LBS.N22 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid LBS.N22?
MarketClub looks at technical strength and momentum to determine if the timing is right for LBS.N22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for LBS.N22
The long-term trend has been DOWN since Apr 6th, 2022 at 804.0
The intermediate-term trend has been DOWN since May 9th, 2022 at 817.7
The short-term trend has been UP since May 26th, 2022 at 675.0
Smart Scan Analysis for LBS.N22
Based on our trend formula, LBS.N22 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 698.7 | 715.0 | 670.0 | 700.8 | +20.5 |
| Prev. Close | Volume | Bid | Ask | Time |
| 680.3 | 248 | 2022-05-27 15:51:06 |
| Expiration | 2022-07-15 | Open Time | 10:00 |
| Close Time | 17:00 |