Future Trend Analysis Report
Prepared for you on Friday, August 17, 2018.
HARD RED SPRING WHEAT Dec 2019 (E) (MGEX:MWE.Z19.E)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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.
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 Jul 20th, 2018 at 624.00
The short term trend has been UP since Aug 16th, 2018 at 645.00
Smart Scan Analysis for MWE.Z19.E
Based on a pre-defined weighted trend formula for chart analysis, MWE.Z19.E scored +90 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||76||First Delivery||2020-01-10|