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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.

MGEX_MWE.Z19.E
Open High Low MWE.Z19.E Price Change
628.00 629.75 628.00 618.25 -12.00
Entry Signal

MarketClub’s Trade Triangles for MWE.Z19.E

long term up The long term trend has been UP since May 25th, 2018 at 654.25

intermediate term down The intermediate term trend has been DOWN since Jun 15th, 2018 at 638.75

short term down 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).

-70
Smart Scan Analysis for MWE.Z19.E
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
628.00 629.75 628.00 618.25 -12.00
Prev. Close Volume Bid Ask Time
629.75 2 2018-06-18 14:38:07
Contract High668.25Contract High Date2018-06-07
Contract Low628Contract Low Date2018-06-17
Estimated Volume2First Delivery2020-01-10
Expiration2019-12-13Open Time20:00
Close Time14:30
Want to analyze HARD RED SPRING WHEAT Dec 2019 (E) MWE.Z19.E or another symbol? Try our Free Future Trend Analysis Report.