Future Trend Analysis Report
Prepared for you on Wednesday, June 23, 2021.
WHEAT (MINI) Jul 2021 (CBOT:XW.N21)
Sidelines Mode (-55) - XW.N21 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 XW.N21?
MarketClub looks at technical strength and momentum to determine if the timing is right for XW.N21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XW.N21
The long-term trend has been UP since Aug 27th, 2020 at 553.00
The intermediate-term trend has been DOWN since May 16th, 2021 at 700.00
The short-term trend has been UP since Jun 21st, 2021 at 668.25
Smart Scan Analysis for XW.N21
Based on our trend formula, XW.N21 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).