Future Trend Analysis Report
Prepared for you on Wednesday, May 31, 2023.
CORN May 2024 (CBOT:ZC.K24)
Sidelines Mode (-55) - ZC.K24 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 ZC.K24?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZC.K24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZC.K24
The long-term trend has been DOWN since Dec 1st, 2022 at 613.50
The intermediate-term trend has been DOWN since Apr 21st, 2023 at 564.75
The short-term trend has been UP since May 23rd, 2023 at 526.25
Smart Scan Analysis for ZC.K24
Based on our trend formula, ZC.K24 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).