Future Trend Analysis Report
Prepared for you on Wednesday, May 27, 2020.
HARD RED SPRING WHEAT INDEX MAY 2020 (MGEX:@IP.K20)
Long-Term Downtrend (-90) - @IP.K20 is in a strong downtrend that is likely to continue. While @IP.K20 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.K20?
MarketClub looks at technical strength and momentum to determine if the timing is right for @IP.K20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @IP.K20
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.K20
Based on our trend formula, @IP.K20 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).