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Future Trend Analysis Report
Prepared for you on Thursday, June 30, 2022.
HARD RED SPRING WHEAT INDEX JUNE 2022 (MGEX:@IP.M22)
Strong Downtrend (-100) - @IP.M22 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, @IP.M22 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid @IP.M22?
MarketClub looks at technical strength and momentum to determine if the timing is right for @IP.M22.
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.M22
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.M22
Based on our trend formula, @IP.M22 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1398 | 1398 | 1398 | 1398 | 0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1301 | 0 | 2022-06-23 00:00:00 |
| Volatility | 35.33 | Expiration | 2022-06-30 |