Future Trend Analysis Report
Prepared for you on Thursday, March 21, 2019.
WHEAT May 2020 (CBOT:ZW.K20)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
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 ZW.K20
The long term trend has been DOWN since Nov 19th, 2018 at 573.50
The intermediate term trend has been DOWN since Dec 31st, 2018 at 563.25
The short term trend has been UP since Mar 13th, 2019 at 500.00
Smart Scan Analysis for ZW.K20
Based on a pre-defined weighted trend formula for chart analysis, ZW.K20 scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
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