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Future Trend Analysis Report
Prepared for you on Monday, March 20, 2023.
HARD RED SPRING WHEAT INDEX MARCH 2023 (MGEX:@IP.H23)
Long-Term Downtrend (-90) - @IP.H23 is in a strong downtrend that is likely to continue. While @IP.H23 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 @IP.H23?
MarketClub looks at technical strength and momentum to determine if the timing is right for @IP.H23.
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 @IP.H23
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 @IP.H23
Based on our trend formula, @IP.H23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 848 | 848 | 848 | 848 | 0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 854 | 0 | 2023-03-16 00:00:00 |
| Volatility | 19.71 | Expiration | 2023-03-31 |