Future Trend Analysis Report
Prepared for you on Tuesday, April 7, 2020.
WHEAT (MINI) May 2020 (CBOT:XW.K20)
Long-Term Uptrend (+90) - XW.K20 is in a strong uptrend that is likely to continue. While XW.K20 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 XW.K20?
MarketClub looks at technical strength and momentum to determine if the timing is right for XW.K20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XW.K20
The long-term trend has been UP since Mar 27th, 2020 at 581.875
The intermediate-term trend has been UP since Mar 20th, 2020 at 540.000
The short-term trend has been UP since Apr 5th, 2020 at 556.625
Smart Scan Analysis for XW.K20
Based on our trend formula, XW.K20 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).