Future Trend Analysis Report
Prepared for you on Tuesday, October 23, 2018.
HARD RED SPRING WHEAT Dec 2019 (E) (MGEX:MWE.Z19.E)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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.Z19.E
The long term trend has been UP since Aug 6th, 2018 at 668.25
The intermediate term trend has been UP since Oct 2nd, 2018 at 628.00
The short term trend has been DOWN since Oct 17th, 2018 at 625.75
Smart Scan Analysis for MWE.Z19.E
Based on a pre-defined weighted trend formula for chart analysis, MWE.Z19.E scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||673||Contract High Date||2018-08-07|
|Contract Low||602.25||Contract Low Date||2018-07-16|
|Estimated Volume||13||First Delivery||2020-01-10|