Future Trend Analysis Report
Prepared for you on Wednesday, October 4, 2023.
WHEAT Dec 2023 (CBOT:ZW.Z23)
Countertrend Down (-85) - ZW.Z23 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid ZW.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZW.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZW.Z23
The long-term trend has been DOWN since Aug 15th, 2023 at 619.00
The intermediate-term trend has been DOWN since Aug 11th, 2023 at 655.00
The short-term trend has been UP since Oct 4th, 2023 at 569.25
Smart Scan Analysis for ZW.Z23
Based on our trend formula, ZW.Z23 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).