Future Trend Analysis Report
Prepared for you on Tuesday, July 7, 2020.
HARD RED SPRING WHEAT DECEMBER 2020 (MGEX:@MW.Z20)
Bear Market Rally (-75) - @MW.Z20 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on @MW.Z20 as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid @MW.Z20?
MarketClub looks at technical strength and momentum to determine if the timing is right for @MW.Z20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @MW.Z20
The long-term trend has been DOWN since Aug 12th, 2019 at 585.25
The intermediate-term trend has been DOWN since Jun 22nd, 2020 at 538.25
The short-term trend has been UP since Jun 30th, 2020 at 536.00
Smart Scan Analysis for @MW.Z20
Based on our trend formula, @MW.Z20 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||615||52wk High Date||2019-06-13|
|52wk Low||522.25||52wk Low Date||2020-06-29|