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Future Trend Analysis Report

Prepared for you on Thursday, July 19, 2018.

HARD RED SPRING WHEAT Jul 2019 (E) (MGEX:MWE.N19.E)

Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. 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.N19.E
Open High Low MWE.N19.E Price Change
586.00 586.25 583.50 583.50 -4.25
Entry Signal

MarketClub’s Trade Triangles for MWE.N19.E

long term down The long term trend has been DOWN since Jun 15th, 2018 at 628.25

intermediate term down The intermediate term trend has been DOWN since Jun 4th, 2018 at 645.50

short term down The short term trend has been DOWN since Jul 10th, 2018 at 596.00

Smart Scan Analysis for MWE.N19.E

Based on a pre-defined weighted trend formula for chart analysis, MWE.N19.E scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-100
Smart Scan Analysis for MWE.N19.E
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
586.00 586.25 583.50 583.50 -4.25
Prev. Close Volume Bid Ask Time
583.75 48 2018-07-18 14:31:18
Contract High675Contract High Date2018-05-28
Contract Low581Contract Low Date2018-07-02
Estimated Volume42First Delivery2019-08-09
Expiration2019-07-12Open Time20:00
Close Time14:30
Want to analyze HARD RED SPRING WHEAT Jul 2019 (E) MWE.N19.E or another symbol? Try our Free Future Trend Analysis Report.