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Future Trend Analysis Report

Prepared for you on Thursday, June 1, 2023.

WHEAT Dec 2023 (CBOT:ZW.Z23)

Long-Term Downtrend (-90) - ZW.Z23 is in a strong downtrend that is likely to continue. While ZW.Z23 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.Z23?

MarketClub looks at technical strength and momentum to determine if the timing is right for ZW.Z23.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

CBOT_ZW.Z23
Open High Low ZW.Z23 Price Change
626.75 636.00 626.00 634.25 +7.50
Entry Signal

MarketClub’s Trade Triangles for ZW.Z23

long term down The long-term trend has been DOWN since Jul 5th, 2022 at 854.0

intermediate term down The intermediate-term trend has been DOWN since Feb 22nd, 2023 at 782.5

short term down The short-term trend has been DOWN since May 30th, 2023 at 634.5

Smart Scan Analysis for ZW.Z23

Based on our trend formula, ZW.Z23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for ZW.Z23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
626.75 636.00 626.00 634.25 +7.50
Prev. Close Volume Bid Ask Time
626.75 1533 2023-06-01 04:51:16
Expiration2023-12-14Open Time20:00
Close Time14:20
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