Future Trend Analysis Report
Prepared for you on Monday, May 10, 2021.
LUMBER (RANDOM LENGTH) Nov 2021 (CME:LBS.X21)
Long-Term Uptrend (+90) - LBS.X21 is in a strong uptrend that is likely to continue. While LBS.X21 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.X21?
MarketClub looks at technical strength and momentum to determine if the timing is right for LBS.X21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for LBS.X21
The long-term trend has been UP since Jan 28th, 2021 at 632.9
The intermediate-term trend has been UP since Mar 29th, 2021 at 720.0
The short-term trend has been UP since Apr 26th, 2021 at 1040.0
Smart Scan Analysis for LBS.X21
Based on our trend formula, LBS.X21 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).