Future Trend Analysis Report
Prepared for you on Tuesday, August 16, 2022.
NONFAT DRY MILK May 2023 (CME:GNF.K23)
Long-Term Downtrend (-90) - GNF.K23 is in a strong downtrend that is likely to continue. While GNF.K23 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 GNF.K23?
MarketClub looks at technical strength and momentum to determine if the timing is right for GNF.K23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for GNF.K23
The long-term trend has been DOWN since Jul 6th, 2022 at 164.975
The intermediate-term trend has been DOWN since Jun 27th, 2022 at 176.300
The short-term trend has been DOWN since Jun 27th, 2022 at 175.400
Smart Scan Analysis for GNF.K23
Based on our trend formula, GNF.K23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).