Future Trend Analysis Report
Prepared for you on Friday, July 1, 2022.
HARD RED SPRING WHEAT JULY 2023 (MGEX:@MW.N23)
Weak Downtrend (-65) - @MW.N23 is showing signs of a strengthening downtrend. Monitor @MW.N23 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid @MW.N23?
MarketClub looks at technical strength and momentum to determine if the timing is right for @MW.N23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @MW.N23
The long-term trend has been UP since Feb 11th, 2022 at 880.00
The intermediate-term trend has been DOWN since Jun 21st, 2022 at 1167.75
The short-term trend has been DOWN since May 31st, 2022 at 1226.50
Smart Scan Analysis for @MW.N23
Based on our trend formula, @MW.N23 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1264||52wk High Date||2022-05-19|
|52wk Low||877||52wk Low Date||2022-01-11|