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Future Trend Analysis Report

Prepared for you on Wednesday, October 20, 2021.

SOFT RED SPRING WHEAT INDEX OCTOBER 2021 (MGEX:@IW.V21)

Strong Uptrend (+100) - @IW.V21 is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, @IW.V21 continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.

Is it time to buy, sell, or avoid @IW.V21?

MarketClub looks at technical strength and momentum to determine if the timing is right for @IW.V21.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

MGEX_@IW.V21
Open High Low @IW.V21 Price Change
692 692 692 692 0
Entry Signal

MarketClub’s Trade Triangles for @IW.V21

long term up The long-term trend has been UP since Oct 4th, 2021 at 682

intermediate term up The intermediate-term trend has been UP since Sep 27th, 2021 at 675

short term up The short-term trend has been UP since Oct 4th, 2021 at 678

Smart Scan Analysis for @IW.V21

Based on our trend formula, @IW.V21 is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+100
Smart Scan Analysis for @IW.V21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
692 692 692 692 0
Prev. Close Volume Bid Ask Time
692 0 2021-10-20 00:00:00
Volatility24.3Expiration2021-10-29
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