Future Trend Analysis Report
Prepared for you on Sunday, February 25, 2018.
HARD RED SPRING WHEAT Jul 2018 (E) (MGEX:MWE.N18.E)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term negative trend to resume. Downtrend with 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.N18.E
The long term trend has been DOWN since Oct 2nd, 2017 at 633.75
The intermediate term trend has been DOWN since Jan 23rd, 2018 at 624.00
The short term trend has been UP since Feb 23rd, 2018 at 626.00
Smart Scan Analysis for MWE.N18.E
Based on a pre-defined weighted trend formula for chart analysis, MWE.N18.E scored -85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||775.25||Contract High Date||2017-07-05|
|Contract Low||563||Contract Low Date||2016-12-07|
|Estimated Volume||847||First Delivery||2018-08-09|