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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.

MGEX_MWE.N17.E
Open High Low MWE.N17.E Price Change
543.25 548.75 543.25 546.75 +2.50
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 down The intermediate term trend has been DOWN since Feb 27th, 2017 at 554.75

short term down 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).

-70
Smart Scan Analysis for MWE.N17.E
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
543.25 548.75 543.25 546.75 +2.50
Prev. Close Volume Bid Ask Time
545 1877 2017-03-23 13:57:11
Contract High606Contract High Date2016-06-09
Contract Low513.25Contract Low Date2016-08-31
Estimated Volume306First 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.