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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.

MGEX_@MW.N21
Open High Low @MW.N21 Price Change
755.75 761.50 745.25 754.25 -8.25
Entry Signal

MarketClub’s Trade Triangles for @MW.N21

long term up The long-term trend has been UP since Apr 14th, 2021 at 666.25

intermediate term up The intermediate-term trend has been UP since Jun 2nd, 2021 at 796.50

short term up 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).

+80
Smart Scan Analysis for @MW.N21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
755.75 761.50 745.25 754.25 -8.25
Prev. Close Volume Bid Ask Time
764.50 663 752.75 754.25 2021-06-21 09:34:20
52wk High843.552wk High Date2021-06-06
52wk Low540.552wk Low Date2020-08-12
Volatility29.18Expiration2021-07-14
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