Future Trend Analysis Report
Prepared for you on Friday, January 17, 2020.
HARD RED SPRING WHEAT SEPTEMBER 2020 (MGEX:@MW.U20)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for @MW.U20
The long term trend has been DOWN since Aug 1st, 2019 at 573.00
The intermediate term trend has been UP since Dec 12th, 2019 at 546.25
The short term trend has been DOWN since Jan 7th, 2020 at 574.00
Smart Scan Analysis for @MW.U20
Based on a pre-defined weighted trend formula for chart analysis, @MW.U20 scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||608||52wk High Date||2019-06-03|
|52wk Low||533||52wk Low Date||2019-09-03|