Future Trend Analysis Report
Prepared for you on Friday, June 22, 2018.
HARD RED SPRING WHEAT Jul 2018 (E) (MGEX:MWE.N18.E)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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.
MarketClub’s Trade Triangles for MWE.N18.E
The long term trend has been DOWN since Jun 14th, 2018 at 581.00
The intermediate term trend has been DOWN since Jun 4th, 2018 at 599.50
The short term trend has been DOWN since Jun 8th, 2018 at 593.75
Smart Scan Analysis for MWE.N18.E
Based on a pre-defined weighted trend formula for chart analysis, MWE.N18.E scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||775.25||Contract High Date||2017-07-05|
|Contract Low||541.75||Contract Low Date||2018-06-19|
|Estimated Volume||2810||First Delivery||2018-08-09|