Future Trend Analysis Report
Prepared for you on Wednesday, November 13, 2019.
LUMBER (RANDOM LENGTH) Nov 2019 (CME:LBS.X19)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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.X19
The long term trend has been UP since Jun 18th, 2019 at 400.2
The intermediate term trend has been DOWN since Nov 11th, 2019 at 377.3
The short term trend has been DOWN since Nov 5th, 2019 at 394.8
Smart Scan Analysis for LBS.X19
Based on a pre-defined weighted trend formula for chart analysis, LBS.X19 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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