Future Trend Analysis Report
Prepared for you on Saturday, June 10, 2023.
HARD RED WINTER WHEAT INDEX MAY 2023 (MGEX:@IH.K23)
Long-Term Downtrend (-90) - @IH.K23 is in a strong downtrend that is likely to continue. While @IH.K23 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid @IH.K23?
MarketClub looks at technical strength and momentum to determine if the timing is right for @IH.K23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @IH.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 @IH.K23
Based on our trend formula, @IH.K23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).