Free Daily Analysis

Future Trend Analysis Report

Prepared for you on Tuesday, July 5, 2022.

HARD RED SPRING WHEAT MAY 2023 (MGEX:@MW.K23)

Strong Downtrend (-100) - @MW.K23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, @MW.K23 continues to fall. Traders should use caution and set stops.

Is it time to buy, sell, or avoid @MW.K23?

MarketClub looks at technical strength and momentum to determine if the timing is right for @MW.K23.

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

MGEX_@MW.K23
Open High Low @MW.K23 Price Change
1026.25 1031.00 982.50 985.50 -39.25
Entry Signal

MarketClub’s Trade Triangles for @MW.K23

long term down The long-term trend has been DOWN since Jul 1st, 2022 at 1017.50

intermediate term down The intermediate-term trend has been DOWN since Jun 21st, 2022 at 1191.25

short term down The short-term trend has been DOWN since Jun 15th, 2022 at 1220.00

Smart Scan Analysis for @MW.K23

Based on our trend formula, @MW.K23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-100
Smart Scan Analysis for @MW.K23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1026.25 1031.00 982.50 985.50 -39.25
Prev. Close Volume Bid Ask Time
1024.75 471 960.00 1107.00 2022-07-01 14:29:55
52wk High133052wk High Date2022-05-18
52wk Low97052wk Low Date2022-03-10
Volatility32.37Expiration2023-05-12
Get a free daily analysis and signals for HARD RED SPRING WHEAT MAY 2023 (@MW.K23) - Request Your Free Report.