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Future Trend Analysis Report

Prepared for you on Monday, September 24, 2018.

HARD RED SPRING WHEAT Sep 2018 (E) (MGEX:MWE.U18.E)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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.U18.E
Open High Low MWE.U18.E Price Change
568.50 569.25 551.00 557.00 +6.00
Entry Signal

MarketClub’s Trade Triangles for MWE.U18.E

long term down The long term trend has been DOWN since Jun 14th, 2018 at 588.25

intermediate term down The intermediate term trend has been DOWN since Aug 23rd, 2018 at 582.50

short term up The short term trend has been UP since Sep 11th, 2018 at 562.25

Smart Scan Analysis for MWE.U18.E

Based on a pre-defined weighted trend formula for chart analysis, MWE.U18.E scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for MWE.U18.E
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
568.50 569.25 551.00 557.00 +6.00
Prev. Close Volume Bid Ask Time
557 5 2018-09-14 14:39:51
Contract High689Contract High Date2017-07-05
Contract Low523.75Contract Low Date2018-07-12
Estimated Volume5First Delivery2018-10-09
Expiration2018-09-14Open Time20:00
Close Time14:30
Want to analyze HARD RED SPRING WHEAT Sep 2018 (E) MWE.U18.E or another symbol? Try our Free Future Trend Analysis Report.