Future Trend Analysis Report
Prepared for you on Thursday, May 19, 2022.
WHEAT May 2022 (CBOT:ZW.K22)
Bull Market Weakness (+75) - ZW.K22 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on ZW.K22 as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid ZW.K22?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZW.K22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZW.K22
The long-term trend has been UP since Aug 17th, 2020 at 553.75
The intermediate-term trend has been DOWN since May 2nd, 2022 at 1043.75
The short-term trend has been UP since May 5th, 2022 at 1069.75
Smart Scan Analysis for ZW.K22
Based on our trend formula, ZW.K22 is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).