Future Trend Analysis Report
Prepared for you on Sunday, December 8, 2019.
WHEAT (MINI) Jul 2020 (CBOT:XW.N20)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
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.N20
The long term trend has been UP since May 30th, 2019 at 530.000
The intermediate term trend has been UP since Nov 25th, 2019 at 530.000
The short term trend has been DOWN since Dec 3rd, 2019 at 536.625
Smart Scan Analysis for XW.N20
Based on a pre-defined weighted trend formula for chart analysis, XW.N20 scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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