Future Trend Analysis Report
Prepared for you on Monday, January 21, 2019.
WHEAT May 2019 (CBOT:ZW.K19)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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.K19
The long term trend has been DOWN since Oct 25th, 2018 at 520.75
The intermediate term trend has been DOWN since Dec 23rd, 2018 at 520.25
The short term trend has been DOWN since Jan 17th, 2019 at 516.75
Smart Scan Analysis for ZW.K19
Based on a pre-defined weighted trend formula for chart analysis, ZW.K19 scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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