Future Trend Analysis Report
Prepared for you on Wednesday, December 12, 2018.
WHEAT Dec 2020 (E) (CBOT:ZW.Z20.E)
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.Z20.E
The long term trend has been DOWN since Nov 9th, 2018 at 589.25
The intermediate term trend has been DOWN since Oct 24th, 2018 at 600.75
The short term trend has been UP since Nov 30th, 2018 at 585.50
Smart Scan Analysis for ZW.Z20.E
Based on a pre-defined weighted trend formula for chart analysis, ZW.Z20.E scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||629.75||Contract High Date||2018-08-01|
|Contract Low||581.25||Contract Low Date||2018-11-21|
|Estimated Volume||8||First Delivery||2020-12-10|