Future Trend Analysis Report
Prepared for you on Sunday, May 9, 2021.
HARD RED SPRING WHEAT INDEX MAY 2021 (MGEX:@IP.K21)
Weak Downtrend (-65) - @IP.K21 is showing signs of a strengthening downtrend. Monitor @IP.K21 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid @IP.K21?
MarketClub looks at technical strength and momentum to determine if the timing is right for @IP.K21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @IP.K21
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.K21
Based on our trend formula, @IP.K21 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).