Future Trend Analysis Report
Prepared for you on Sunday, December 10, 2023.
HARD RED WINTER WHEAT DECEMBER 2023 (KCBT:@KW.Z23)
Sidelines Mode (+55) - @KW.Z23 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid @KW.Z23?
MarketClub looks at technical strength and momentum to determine if the timing is right for @KW.Z23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @KW.Z23
The long-term trend has been DOWN since Aug 29th, 2023 at 736.00
The intermediate-term trend has been UP since Dec 4th, 2023 at 646.75
The short-term trend has been DOWN since Dec 8th, 2023 at 656.00
Smart Scan Analysis for @KW.Z23
Based on our trend formula, @KW.Z23 is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1127.75||52wk High Date||2022-05-19|
|52wk Low||587.5||52wk Low Date||2023-11-28|