Analyze Symbol

Future Trend Analysis Report

Prepared for you on Thursday, May 25, 2017.

HARD RED SPRING WHEAT Jul 2017 (E) (MGEX:MWE.N17.E)

Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

MGEX_MWE.N17.E
Open High Low MWE.N17.E Price Change
560.0 563.5 560.0 563.0 +2.0
Entry Signal

MarketClub’s Trade Triangles for MWE.N17.E

long term down The long term trend has been DOWN since Apr 4th, 2017 at 535.75

intermediate term up The intermediate term trend has been UP since Apr 27th, 2017 at 553.50

short term up The short term trend has been UP since May 19th, 2017 at 546.00

Smart Scan Analysis for MWE.N17.E

Based on a pre-defined weighted trend formula for chart analysis, MWE.N17.E scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+70
Smart Scan Analysis for MWE.N17.E
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
560.0 563.5 560.0 563.0 +2.0
Prev. Close Volume Bid Ask Time
560 185 2017-05-25 06:05:39
Contract High606Contract High Date2016-06-09
Contract Low513.25Contract Low Date2016-08-31
Estimated Volume937First Delivery2017-08-09
Expiration2017-07-14Open Time20:00
Close Time14:30
Want to analyze HARD RED SPRING WHEAT Jul 2017 (E) MWE.N17.E or another symbol? Try our Free Future Trend Analysis Report.