Future Trend Analysis Report
Prepared for you on Thursday, May 6, 2021.
WHEAT May 2021 (CBOT:ZW.K21)
Long-Term Uptrend (+90) - ZW.K21 is in a strong uptrend that is likely to continue. While ZW.K21 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 ZW.K21?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZW.K21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZW.K21
The long-term trend has been UP since Aug 27th, 2020 at 559.25
The intermediate-term trend has been UP since Apr 14th, 2021 at 646.50
The short-term trend has been UP since Mar 31st, 2021 at 616.75
Smart Scan Analysis for ZW.K21
Based on our trend formula, ZW.K21 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).