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.
MarketClub’s Trade Triangles for ZW.Z23
The long-term trend has been DOWN since Jul 5th, 2022 at 854.0
The intermediate-term trend has been DOWN since Feb 22nd, 2023 at 782.5
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).