Future Trend Analysis Report
Prepared for you on Thursday, August 11, 2022.
HARD RED WINTER WHEAT INDEX JULY 2022 (MGEX:@IH.N22)
Long-Term Downtrend (-90) - @IH.N22 is in a strong downtrend that is likely to continue. While @IH.N22 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.N22?
MarketClub looks at technical strength and momentum to determine if the timing is right for @IH.N22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @IH.N22
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.N22
Based on our trend formula, @IH.N22 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).