Analyze Symbol

Future Trend Analysis Report

Prepared for you on Monday, April 24, 2017.

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

Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

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
535.75 539.75 530.25 531.50 -4.00
Entry Signal

MarketClub’s Trade Triangles for MWE.N17.E

long term down The long term trend has been DOWN since Apr 4th, 2017 at 535.75

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 Apr 20th, 2017 at 536.25

Smart Scan Analysis for MWE.N17.E

Based on a pre-defined weighted trend formula for chart analysis, MWE.N17.E scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-90
Smart Scan Analysis for MWE.N17.E
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
535.75 539.75 530.25 531.50 -4.00
Prev. Close Volume Bid Ask Time
534.25 4228 2017-04-24 14:23:32
Contract High606Contract High Date2016-06-09
Contract Low513.25Contract Low Date2016-08-31
Estimated Volume4235First 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.