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.
MarketClub’s Trade Triangles for @MW.K21
The long-term trend has been DOWN since Feb 28th, 2020 at 571.25
The intermediate-term trend has been DOWN since Jun 16th, 2020 at 558.75
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).
|52wk High||610||52wk High Date||2020-01-17|
|52wk Low||547.25||52wk Low Date||2020-06-29|