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Future Trend Analysis Report
Prepared for you on Monday, June 5, 2023.
NATIONAL CORN INDEX MAY 2023 (MGEX:@IC.K23)
Bear Market Rally (-75) - @IC.K23 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on @IC.K23 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid @IC.K23?
MarketClub looks at technical strength and momentum to determine if the timing is right for @IC.K23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for @IC.K23
The long-term trend has been DOWN since at
The intermediate-term trend has been DOWN since at
The short-term trend has been DOWN since at
Smart Scan Analysis for @IC.K23
Based on our trend formula, @IC.K23 is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
-80
Strong Downtrend
Sideways
Strong Uptrend
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 639 | 639 | 639 | 639 | 0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 639 | 0 | 2023-05-31 00:00:00 |
| Volatility | 22.81 | Expiration | 2023-05-31 |
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