Future Trend Analysis Report
Prepared for you on Sunday, December 3, 2023.
WHEAT May 2024 (CBOT:ZW.K24)
Weak Downtrend (-65) - ZW.K24 is showing signs of a strengthening downtrend. Monitor ZW.K24 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid ZW.K24?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZW.K24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZW.K24
The long-term trend has been DOWN since Aug 31st, 2023 at 642.25
The intermediate-term trend has been DOWN since Oct 31st, 2023 at 606.75
The short-term trend has been UP since Nov 29th, 2023 at 594.75
Smart Scan Analysis for ZW.K24
Based on our trend formula, ZW.K24 is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).