Future Trend Analysis Report
Prepared for you on Thursday, May 26, 2022.
SOFT RED SPRING WHEAT INDEX MAY 2022 (MGEX:@IW.K22)
Bear Market Rally (-75) - @IW.K22 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on @IW.K22 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid @IW.K22?
MarketClub looks at technical strength and momentum to determine if the timing is right for @IW.K22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @IW.K22
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 @IW.K22
Based on our trend formula, @IW.K22 is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).