Future Trend Analysis Report
Prepared for you on Friday, May 27, 2022.
WHEAT (MINI) Jul 2022 (CBOT:XW.N22)
Long-Term Uptrend (+90) - XW.N22 is in a strong uptrend that is likely to continue. While XW.N22 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid XW.N22?
MarketClub looks at technical strength and momentum to determine if the timing is right for XW.N22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XW.N22
The long-term trend has been UP since Aug 25th, 2020 at 532.125
The intermediate-term trend has been UP since May 12th, 2022 at 1139.500
The short-term trend has been UP since May 27th, 2022 at 1157.375
Smart Scan Analysis for XW.N22
Based on our trend formula, XW.N22 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).