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Future Trend Analysis Report

Prepared for you on Monday, December 4, 2023.

HARD RED SPRING WHEAT DECEMBER 2023 (MGEX:@MW.Z23)

Bear Market Rally (-75) - @MW.Z23 is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on @MW.Z23 as it may be in the beginning of a reversal.

Is it time to buy, sell, or avoid @MW.Z23?

MarketClub looks at technical strength and momentum to determine if the timing is right for @MW.Z23.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

MGEX_@MW.Z23
Open High Low @MW.Z23 Price Change
713.0 713.0 713.0 713.0 +10.5
Entry Signal

MarketClub’s Trade Triangles for @MW.Z23

long term down The long-term trend has been DOWN since Aug 30th, 2023 at 780.50

intermediate term down The intermediate-term trend has been DOWN since Aug 3rd, 2023 at 850.75

short term up The short-term trend has been UP since Dec 4th, 2023 at 703.00

Smart Scan Analysis for @MW.Z23

Based on our trend formula, @MW.Z23 is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-75
Smart Scan Analysis for @MW.Z23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
713.0 713.0 713.0 713.0 +10.5
Prev. Close Volume Bid Ask Time
711.2 4 740.0 2023-12-04 10:27:54
52wk High110552wk High Date2022-05-27
52wk Low682.552wk Low Date2023-11-27
Volatility20.69Expiration2023-12-14
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