Future Trend Analysis Report
Prepared for you on Friday, October 18, 2019.
WHEAT (MINI) Dec 2019 (CBOT:XW.Z19)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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.Z19
The long term trend has been DOWN since Sep 3rd, 2019 at 459.375
The intermediate term trend has been UP since Sep 10th, 2019 at 478.250
The short term trend has been UP since Oct 11th, 2019 at 504.250
Smart Scan Analysis for XW.Z19
Based on a pre-defined weighted trend formula for chart analysis, XW.Z19 scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Open Time||20:00||Close Time||14:45|