Future Trend Analysis Report
Prepared for you on Monday, June 5, 2023.
WHEAT Dec 2024 (CBOT:ZW.Z24)
Sidelines Mode (-55) - ZW.Z24 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid ZW.Z24?
MarketClub looks at technical strength and momentum to determine if the timing is right for ZW.Z24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for ZW.Z24
The long-term trend has been DOWN since Dec 6th, 2022 at 850.00
The intermediate-term trend has been DOWN since Apr 21st, 2023 at 713.25
The short-term trend has been UP since Jun 2nd, 2023 at 690.75
Smart Scan Analysis for ZW.Z24
Based on our trend formula, ZW.Z24 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).