Future Trend Analysis Report
Prepared for you on Monday, April 22, 2019.
WHEAT (MINI) Jul 2020 (CBOT:XW.N20)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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.N20
The long term trend has been DOWN since Nov 19th, 2018 at 571.75
The intermediate term trend has been DOWN since Apr 11th, 2019 at 519.25
The short term trend has been DOWN since Apr 17th, 2019 at 514.50
Smart Scan Analysis for XW.N20
Based on a pre-defined weighted trend formula for chart analysis, XW.N20 scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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