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.
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 DOWN since Feb 27th, 2017 at 554.75
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).
|Contract High||606||Contract High Date||2016-06-09|
|Contract Low||513.25||Contract Low Date||2016-08-31|
|Estimated Volume||4235||First Delivery||2017-08-09|