Future Trend Analysis Report
Prepared for you on Thursday, November 30, 2023.
CORN May 2024 (CBOT:ZC.K24)
Bear Market Rally (-75) - ZC.K24 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on ZC.K24 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid ZC.K24?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZC.K24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZC.K24
The long-term trend has been DOWN since Jun 30th, 2023 at 513.00
The intermediate-term trend has been DOWN since Nov 1st, 2023 at 500.00
The short-term trend has been UP since Nov 30th, 2023 at 488.25
Smart Scan Analysis for ZC.K24
Based on our trend formula, ZC.K24 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).