Future Trend Analysis Report
Prepared for you on Friday, June 2, 2023.
SOFT RED SPRING WHEAT INDEX MAY 2023 (MGEX:@IW.K23)
Strong Downtrend (-100) - @IW.K23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, @IW.K23 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid @IW.K23?
MarketClub looks at technical strength and momentum to determine if the timing is right for @IW.K23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @IW.K23
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.K23
Based on our trend formula, @IW.K23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).