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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.

MGEX_MWE.Z19.E
Open High Low MWE.Z19.E Price Change
621.00 623.75 620.00 620.00 -1.50
Entry Signal

MarketClub’s Trade Triangles for MWE.Z19.E

long term up The long term trend has been UP since Aug 6th, 2018 at 668.25

intermediate term up The intermediate term trend has been UP since Oct 2nd, 2018 at 628.00

short term down 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).

+55
Smart Scan Analysis for MWE.Z19.E
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
621.00 623.75 620.00 620.00 -1.50
Prev. Close Volume Bid Ask Time
622.75 59 2018-10-23 14:29:58
Contract High673Contract High Date2018-08-07
Contract Low602.25Contract Low Date2018-07-16
Estimated Volume13First 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.