Future Trend Analysis Report
Prepared for you on Tuesday, June 22, 2021.
HARD RED SPRING WHEAT JULY 2021 (MGEX:@MW.N21)
Countertrend Up (+85) - @MW.N21 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.N21?
MarketClub looks at technical strength and momentum to determine if the timing is right for @MW.N21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @MW.N21
The long-term trend has been UP since Apr 14th, 2021 at 666.25
The intermediate-term trend has been UP since Jun 2nd, 2021 at 796.50
The short-term trend has been UP since Jun 16th, 2021 at 760.00
Smart Scan Analysis for @MW.N21
Based on our trend formula, @MW.N21 is rated as a +80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||843.5||52wk High Date||2021-06-06|
|52wk Low||540.5||52wk Low Date||2020-08-12|