Future Trend Analysis Report
Prepared for you on Wednesday, July 6, 2022.
WHEAT (MINI) Sep 2022 (CBOT:XW.U22)
Long-Term Downtrend (-90) - XW.U22 is in a strong downtrend that is likely to continue. While XW.U22 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid XW.U22?
MarketClub looks at technical strength and momentum to determine if the timing is right for XW.U22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for XW.U22
The long-term trend has been DOWN since Jun 23rd, 2022 at 948.0
The intermediate-term trend has been DOWN since Jun 1st, 2022 at 1095.0
The short-term trend has been DOWN since Jun 17th, 2022 at 1052.5
Smart Scan Analysis for XW.U22
Based on our trend formula, XW.U22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).