Future Trend Analysis Report
Prepared for you on Friday, October 19, 2018.
WHEAT Jul 2019 (E) (CBOT:ZW.N19.E)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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.N19.E
The long term trend has been UP since Aug 2nd, 2018 at 609.00
The intermediate term trend has been DOWN since Aug 22nd, 2018 at 573.75
The short term trend has been DOWN since Oct 18th, 2018 at 553.00
Smart Scan Analysis for ZW.N19.E
Based on a pre-defined weighted trend formula for chart analysis, ZW.N19.E scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||619||Contract High Date||2018-08-07|
|Contract Low||495.5||Contract Low Date||2018-01-16|
|Estimated Volume||2551||First Delivery||2019-07-11|