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Future Trend Analysis Report

Prepared for you on Thursday, June 4, 2020.

HARD RED SPRING WHEAT JULY 2020 (MGEX:@MW.N20)

Bull Market Weakness (+75) - @MW.N20 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on @MW.N20 as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid @MW.N20?

MarketClub looks at technical strength and momentum to determine if the timing is right for @MW.N20.

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

MGEX_@MW.N20
Open High Low @MW.N20 Price Change
520.00 522.00 519.50 521.50 +1.25
Entry Signal

MarketClub’s Trade Triangles for @MW.N20

long term down The long-term trend has been DOWN since Feb 28th, 2020 at 526.50

intermediate term up The intermediate-term trend has been UP since May 20th, 2020 at 521.75

short term up The short-term trend has been UP since May 26th, 2020 at 517.75

Smart Scan Analysis for @MW.N20

Based on our trend formula, @MW.N20 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for @MW.N20
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
520.00 522.00 519.50 521.50 +1.25
Prev. Close Volume Bid Ask Time
520.25 102 521.50 522.00 2020-06-04 03:12:41
52wk High631.7552wk High Date2019-01-31
52wk Low50252wk Low Date2020-05-04
Volatility15.34Expiration2020-07-14
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