Future Trend Analysis Report
Prepared for you on Friday, March 24, 2023.
SUGAR #11 WORLD MAY 2023 (ICE:@SB.K23)
Long-Term Uptrend (+90) - @SB.K23 is in a strong uptrend that is likely to continue. While @SB.K23 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 @SB.K23?
MarketClub looks at technical strength and momentum to determine if the timing is right for @SB.K23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @SB.K23
The long-term trend has been UP since Nov 8th, 2022 at 17.96
The intermediate-term trend has been UP since Jan 26th, 2023 at 18.86
The short-term trend has been UP since Mar 21st, 2023 at 20.85
Smart Scan Analysis for @SB.K23
Based on our trend formula, @SB.K23 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||21.38||52wk High Date||2023-03-22|
|52wk Low||11.82||52wk Low Date||2020-06-30|