Future Trend Analysis Report
Prepared for you on Monday, December 11, 2017.
HARD RED SPRING WHEAT Dec 2017 (E) (MGEX:MWE.Z17.E)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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.Z17.E
The long term trend has been DOWN since Oct 2nd, 2017 at 614.5
The intermediate term trend has been DOWN since Nov 27th, 2017 at 618.0
The short term trend has been DOWN since Dec 6th, 2017 at 609.0
Smart Scan Analysis for MWE.Z17.E
Based on a pre-defined weighted trend formula for chart analysis, MWE.Z17.E scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||843||Contract High Date||2017-07-05|
|Contract Low||535.25||Contract Low Date||2016-08-31|
|Estimated Volume||2||First Delivery||2018-01-10|