Future Trend Analysis Report
Prepared for you on Saturday, June 12, 2021.
HARD RED SPRING WHEAT INDEX JUNE 2021 (MGEX:@IP.M21)
Bear Market Rally (-75) - @IP.M21 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on @IP.M21 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid @IP.M21?
MarketClub looks at technical strength and momentum to determine if the timing is right for @IP.M21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @IP.M21
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.M21
Based on our trend formula, @IP.M21 is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).