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Future Trend Analysis Report
Prepared for you on Saturday, December 2, 2023.
SOFT RED SPRING WHEAT INDEX NOVEMBER 2023 (MGEX:@IW.X23)
Weak Downtrend (-65) - @IW.X23 is showing signs of a strengthening downtrend. Monitor @IW.X23 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid @IW.X23?
MarketClub looks at technical strength and momentum to determine if the timing is right for @IW.X23.
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 @IW.X23
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.X23
Based on our trend formula, @IW.X23 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
-70
Strong Downtrend
Sideways
Strong Uptrend
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 475 | 475 | 475 | 475 | 0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 475 | 0 | 2023-11-30 00:00:00 |
| Volatility | 31.23 | Expiration | 2023-11-30 |
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