Future Trend Analysis Report
Prepared for you on Monday, May 29, 2017.
HARD RED SPRING WHEAT Jul 2017 (E) (MGEX:MWE.N17.E)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend 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.N17.E
The long term trend has been DOWN since Apr 4th, 2017 at 535.75
The intermediate term trend has been UP since Apr 27th, 2017 at 553.50
The short term trend has been UP since May 19th, 2017 at 546.00
Smart Scan Analysis for MWE.N17.E
Based on a pre-defined weighted trend formula for chart analysis, MWE.N17.E scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||606||Contract High Date||2016-06-09|
|Contract Low||513.25||Contract Low Date||2016-08-31|
|Estimated Volume||312||First Delivery||2017-08-09|