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Future Trend Analysis Report

Prepared for you on Thursday, October 18, 2018.

HARD RED SPRING WHEAT May 2019 (E) (MGEX:MWE.K19.E)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight 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.K19.E
Open High Low MWE.K19.E Price Change
603.0 605.5 601.5 601.5 -2.5
Entry Signal

MarketClub’s Trade Triangles for MWE.K19.E

long term down The long term trend has been DOWN since Jun 15th, 2018 at 621.75

intermediate term up The intermediate term trend has been UP since Oct 2nd, 2018 at 611.50

short term down The short term trend has been DOWN since Oct 18th, 2018 at 603.75

Smart Scan Analysis for MWE.K19.E

Based on a pre-defined weighted trend formula for chart analysis, MWE.K19.E scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for MWE.K19.E
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
603.0 605.5 601.5 601.5 -2.5
Prev. Close Volume Bid Ask Time
603.8 173 2018-10-18 14:06:59
Contract High672Contract High Date2018-05-29
Contract Low570Contract Low Date2018-07-12
Estimated Volume135First Delivery2019-06-11
Expiration2019-05-14Open Time20:00
Close Time14:30
Want to analyze HARD RED SPRING WHEAT May 2019 (E) MWE.K19.E or another symbol? Try our Free Future Trend Analysis Report.