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Future Trend Analysis Report

Prepared for you on Tuesday, March 2, 2021.

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

Countertrend Up (+85) - @MW.K21 is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.

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
633.50 644.75 630.75 643.00 +9.50
Entry Signal

MarketClub’s Trade Triangles for @MW.K21

long term up The long-term trend has been UP since Sep 18th, 2020 at 573.25

intermediate term up The intermediate-term trend has been UP since Dec 11th, 2020 at 581.50

short term down The short-term trend has been DOWN since Feb 26th, 2021 at 644.00

Smart Scan Analysis for @MW.K21

Based on our trend formula, @MW.K21 is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+85
Smart Scan Analysis for @MW.K21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
633.50 644.75 630.75 643.00 +9.50
Prev. Close Volume Bid Ask Time
633.50 1913 643.00 643.25 2021-03-02 11:05:57
52wk High66252wk High Date2021-01-19
52wk Low530.2552wk Low Date2020-08-12
Volatility19.42Expiration2021-05-14
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