Future Trend Analysis Report
Prepared for you on Thursday, March 23, 2017.
HARD RED SPRING WHEAT Jul 2017 (E) (MGEX:MWE.N17.E)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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.
MarketClub’s Trade Triangles for MWE.N17.E
The long term trend has been UP since Jan 10th, 2017 at 551.25
The intermediate term trend has been DOWN since Feb 27th, 2017 at 554.75
The short term trend has been DOWN since Mar 21st, 2017 at 550.75
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||306||First Delivery||2017-08-09|