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Future Trend Analysis Report

Prepared for you on Saturday, November 18, 2017.

HARD RED SPRING WHEAT Dec 2018 (E) (MGEX:MWE.Z18.E)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very 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.Z18.E
Open High Low MWE.Z18.E Price Change
645.00 645.75 641.75 644.75 +1.50
Entry Signal

MarketClub’s Trade Triangles for MWE.Z18.E

long term up The long term trend has been UP since Feb 23rd, 2017 at 580.00

intermediate term up The intermediate term trend has been UP since Nov 6th, 2017 at 648.00

short term down The short term trend has been DOWN since Nov 14th, 2017 at 643.75

Smart Scan Analysis for MWE.Z18.E

Based on a pre-defined weighted trend formula for chart analysis, MWE.Z18.E scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+65
Smart Scan Analysis for MWE.Z18.E
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
645.00 645.75 641.75 644.75 +1.50
Prev. Close Volume Bid Ask Time
645 48 2017-11-17 14:32:32
Contract High689Contract High Date2017-07-03
Contract Low580Contract Low Date2017-02-07
Estimated Volume59First Delivery2019-01-10
Expiration2018-12-14Open Time20:00
Close Time14:30
Want to analyze HARD RED SPRING WHEAT Dec 2018 (E) MWE.Z18.E or another symbol? Try our Free Future Trend Analysis Report.