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Future Trend Analysis Report

Prepared for you on Saturday, December 16, 2017.

HARD RED SPRING WHEAT May 2018 (E) (MGEX:MWE.K18.E)

Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.K18.E
Open High Low MWE.K18.E Price Change
626.00 629.50 626.00 628.25 +3.75
Entry Signal

MarketClub’s Trade Triangles for MWE.K18.E

long term down The long term trend has been DOWN since Oct 2nd, 2017 at 635.00

intermediate term down The intermediate term trend has been DOWN since Nov 27th, 2017 at 638.75

short term up The short term trend has been UP since Dec 14th, 2017 at 622.25

Smart Scan Analysis for MWE.K18.E

Based on a pre-defined weighted trend formula for chart analysis, MWE.K18.E scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-85
Smart Scan Analysis for MWE.K18.E
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
626.00 629.50 626.00 628.25 +3.75
Prev. Close Volume Bid Ask Time
627.5 993 2017-12-15 14:32:37
Contract High792.75Contract High Date2017-07-05
Contract Low560Contract Low Date2016-12-08
Estimated Volume908First Delivery2018-06-11
Expiration2018-05-14Open Time20:00
Close Time14:30
Want to analyze HARD RED SPRING WHEAT May 2018 (E) MWE.K18.E or another symbol? Try our Free Future Trend Analysis Report.