Free Daily Analysis

Future Trend Analysis Report

Prepared for you on Wednesday, November 25, 2020.

SOFT RED SPRING WHEAT INDEX NOVEMBER 2020 (MGEX:@IW.X20)

Long-Term Downtrend (-90) - @IW.X20 is in a strong downtrend that is likely to continue. While @IW.X20 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid @IW.X20?

MarketClub looks at technical strength and momentum to determine if the timing is right for @IW.X20.

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

MGEX_@IW.X20
Open High Low @IW.X20 Price Change
583 583 583 583 0
Entry Signal

MarketClub’s Trade Triangles for @IW.X20

long term down The long-term trend has been DOWN since at

intermediate term down The intermediate-term trend has been DOWN since at

short term down The short-term trend has been DOWN since at

Smart Scan Analysis for @IW.X20

Based on our trend formula, @IW.X20 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for @IW.X20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
583 583 583 583 0
Prev. Close Volume Bid Ask Time
596 0 2020-11-24 00:00:00
Volatility20.79Expiration2020-11-30
Get a free daily analysis and signals for SOFT RED SPRING WHEAT INDEX NOVEMBER 2020 (@IW.X20) - Request Your Free Report.