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Future Trend Analysis Report

Prepared for you on Tuesday, July 14, 2020.

HARD RED SPRING WHEAT MAY 2021 (MGEX:@MW.K21)

Long-Term Downtrend (-90) - @MW.K21 is in a strong downtrend that is likely to continue. While @MW.K21 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 @MW.K21?

MarketClub looks at technical strength and momentum to determine if the timing is right for @MW.K21.

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

MGEX_@MW.K21
Open High Low @MW.K21 Price Change
557.00 557.00 555.75 555.75 +1.50
Entry Signal

MarketClub’s Trade Triangles for @MW.K21

long term down The long-term trend has been DOWN since Feb 28th, 2020 at 571.25

intermediate term down The intermediate-term trend has been DOWN since Jun 16th, 2020 at 558.75

short term down The short-term trend has been DOWN since Jul 13th, 2020 at 554.25

Smart Scan Analysis for @MW.K21

Based on our trend formula, @MW.K21 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for @MW.K21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
557.00 557.00 555.75 555.75 +1.50
Prev. Close Volume Bid Ask Time
554.25 6 557.25 558.25 2020-07-14 09:41:01
52wk High61052wk High Date2020-01-17
52wk Low547.2552wk Low Date2020-06-29
Volatility12.09Expiration2021-05-14
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