Future Trend Analysis Report
Prepared for you on Tuesday, June 19, 2018.
HARD RED SPRING WHEAT Dec 2019 (E) (MGEX:MWE.Z19.E)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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.
MarketClub’s Trade Triangles for MWE.Z19.E
The long term trend has been UP since May 25th, 2018 at 654.25
The intermediate term trend has been DOWN since Jun 15th, 2018 at 638.75
The short term trend has been DOWN since Jun 11th, 2018 at 652.50
Smart Scan Analysis for MWE.Z19.E
Based on a pre-defined weighted trend formula for chart analysis, MWE.Z19.E scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Contract High||668.25||Contract High Date||2018-06-07|
|Contract Low||628||Contract Low Date||2018-06-17|
|Estimated Volume||2||First Delivery||2020-01-10|