Future Trend Analysis Report
Prepared for you on Sunday, February 17, 2019.
WHEAT (MINI) May 2019 (CBOT:XW.K19)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for XW.K19
The long term trend has been DOWN since Oct 26th, 2018 at 529.750
The intermediate term trend has been DOWN since Jan 29th, 2019 at 518.375
The short term trend has been DOWN since Feb 14th, 2019 at 514.500
Smart Scan Analysis for XW.K19
Based on a pre-defined weighted trend formula for chart analysis, XW.K19 scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Open Time||20:00||Close Time||14:45|