Future Trend Analysis Report
Prepared for you on Wednesday, October 20, 2021.
MGEX HRSW CSO JUL - DEC SYNTHETIC JULY 2022 (MGEX:@MY1.N22)
Sidelines Mode (-50) - @MY1.N22 is failing to move into a strong trend and is encountering choppy trading conditions. Be cautious and consider taking a sidelines position until @MY1.N22 can gain momentum.
Is it time to buy, sell, or avoid @MY1.N22?
MarketClub looks at technical strength and momentum to determine if the timing is right for @MY1.N22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @MY1.N22
The long-term trend has been UP since Jun 22nd, 2021 at 44.75
The intermediate-term trend has been DOWN since Sep 10th, 2021 at 88.00
The short-term trend has been DOWN since Sep 30th, 2021 at 84.00
Smart Scan Analysis for @MY1.N22
Based on our trend formula, @MY1.N22 is rated as a -50 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).