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Future Trend Analysis Report
Prepared for you on Monday, September 25, 2023.
HARD RED SPRING WHEAT JULY 2024 (MGEX:@MW.N24)
Strong Downtrend (-100) - @MW.N24 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, @MW.N24 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid @MW.N24?
MarketClub looks at technical strength and momentum to determine if the timing is right for @MW.N24.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for @MW.N24
The long-term trend has been DOWN since Sep 1st, 2023 at 796.75
The intermediate-term trend has been DOWN since Aug 7th, 2023 at 845.00
The short-term trend has been DOWN since Sep 19th, 2023 at 808.00
Smart Scan Analysis for @MW.N24
Based on our trend formula, @MW.N24 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 798.50 | 806.50 | 798.50 | 804.75 | +3.25 |
| Prev. Close | Volume | Bid | Ask | Time |
| 804.75 | 178 | 804.75 | 814.00 | 2023-09-22 14:16:43 |
| 52wk High | 919 | 52wk High Date | 2023-07-25 |
| 52wk Low | 789 | 52wk Low Date | 2023-05-31 |
| Volatility | 21.76 | Expiration | 2024-07-12 |