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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.

MGEX_MWE.K18.E
Open High Low MWE.K18.E Price Change
638.25 638.75 631.00 631.00 -4.50
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 Oct 2nd, 2017 at 635.00

short term down 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).

-100
Smart Scan Analysis for MWE.K18.E
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
638.25 638.75 631.00 631.00 -4.50
Prev. Close Volume Bid Ask Time
634.25 195 2017-10-16 14:19:55
Contract High792.75Contract High Date2017-07-05
Contract Low560Contract Low Date2016-12-08
Estimated Volume27First 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.