Future Trend Analysis Report
Prepared for you on Thursday, March 23, 2017.
WHEAT May 2017 (E) (CBOT:ZW.K17.E)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very 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 ZW.K17.E
The long term trend has been UP since Feb 9th, 2017 at 452
The intermediate term trend has been DOWN since Mar 13th, 2017 at 438
The short term trend has been DOWN since Mar 20th, 2017 at 433
Smart Scan Analysis for ZW.K17.E
Based on a pre-defined weighted trend formula for chart analysis, ZW.K17.E scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||646.75||Contract High Date||2015-06-30|
|Contract Low||406||Contract Low Date||2016-12-23|
|Estimated Volume||11880||First Delivery||2017-05-10|