Future Trend Analysis Report
Prepared for you on Tuesday, October 17, 2017.
HARD RED SPRING WHEAT May 2018 (E) (MGEX:MWE.K18.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.K18.E
The long term trend has been DOWN since Oct 2nd, 2017 at 635.00
The intermediate term trend has been DOWN since Oct 2nd, 2017 at 635.00
The short term trend has been DOWN since Oct 12th, 2017 at 637.25
Smart Scan Analysis for MWE.K18.E
Based on a pre-defined weighted trend formula for chart analysis, MWE.K18.E scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||792.75||Contract High Date||2017-07-05|
|Contract Low||560||Contract Low Date||2016-12-08|
|Estimated Volume||27||First Delivery||2018-06-11|