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Future Trend Analysis Report

Prepared for you on Thursday, February 23, 2017.

HARD RED SPRING WHEAT Jul 2017 (E) (MGEX:MWE.N17.E)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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.N17.E
Open High Low MWE.N17.E Price Change
558.50 561.75 557.75 559.50 +1.25
Entry Signal

MarketClub’s Trade Triangles for MWE.N17.E

long term up The long term trend has been UP since Jan 10th, 2017 at 551.25

intermediate term up The intermediate term trend has been UP since Jan 5th, 2017 at 546.25

short term down The short term trend has been DOWN since Feb 16th, 2017 at 567.25

Smart Scan Analysis for MWE.N17.E

Based on a pre-defined weighted trend formula for chart analysis, MWE.N17.E scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+65
Smart Scan Analysis for MWE.N17.E
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
558.50 561.75 557.75 559.50 +1.25
Prev. Close Volume Bid Ask Time
558.75 704 2017-02-23 14:14:43
Contract High606Contract High Date2016-06-09
Contract Low513.25Contract Low Date2016-08-31
Estimated Volume260First Delivery2017-08-09
Expiration2017-07-14Open Time20:00
Close Time14:30
Want to analyze HARD RED SPRING WHEAT Jul 2017 (E) MWE.N17.E or another symbol? Try our Free Future Trend Analysis Report.