Future Trend Analysis Report
Prepared for you on Monday, December 10, 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.
MarketClub’s Trade Triangles for MWE.K19.E
The long term trend has been DOWN since Jun 15th, 2018 at 621.75
The intermediate term trend has been DOWN since Oct 24th, 2018 at 595.00
The short term trend has been UP since Nov 30th, 2018 at 580.50
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).
|Contract High||672||Contract High Date||2018-05-29|
|Contract Low||570||Contract Low Date||2018-07-12|
|Estimated Volume||845||First Delivery||2019-06-11|