Future Trend Analysis Report
Prepared for you on Friday, May 27, 2022.
WHEAT May 2023 (CBOT:ZW.K23)
Long-Term Uptrend (+90) - ZW.K23 is in a strong uptrend that is likely to continue. While ZW.K23 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid ZW.K23?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZW.K23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZW.K23
The long-term trend has been UP since Apr 14th, 2021 at 636.75
The intermediate-term trend has been UP since Jan 23rd, 2022 at 787.50
The short-term trend has been UP since May 27th, 2022 at 1162.75
Smart Scan Analysis for ZW.K23
Based on our trend formula, ZW.K23 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).