Future Trend Analysis Report
Prepared for you on Saturday, August 8, 2020.
WHEAT Sep 2021 (CBOT:ZW.U21)
Long-Term Downtrend (-90) - ZW.U21 is in a strong downtrend that is likely to continue. While ZW.U21 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid ZW.U21?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZW.U21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZW.U21
The long-term trend has been DOWN since Feb 27th, 2020 at 544.00
The intermediate-term trend has been DOWN since Aug 5th, 2020 at 539.00
The short-term trend has been DOWN since Aug 3rd, 2020 at 547.25
Smart Scan Analysis for ZW.U21
Based on our trend formula, ZW.U21 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).