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Prepared for you on Thursday, July 2, 2020.

HARD RED SPRING WHEAT MAR 21/DEC 21 (MGEX:@MW.H21-@MW.Z21)

Long-Term Downtrend (-90) - @MW.H21-@MW.Z21 is in a strong downtrend that is likely to continue. While @MW.H21-@MW.Z21 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid @MW.H21-@MW.Z21?

MarketClub looks at technical strength and momentum to determine if the timing is right for @MW.H21-@MW.Z21.

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

MGEX_@MW.H21-@MW.Z21
Open High Low @MW.H21-@MW.Z21 Price Change
-16 -16 -16 -16 0
Entry Signal

MarketClub’s Trade Triangles for @MW.H21-@MW.Z21

long term down The long-term trend has been DOWN since at

intermediate term down The intermediate-term trend has been DOWN since at

short term down The short-term trend has been DOWN since at

Smart Scan Analysis for @MW.H21-@MW.Z21

Based on our trend formula, @MW.H21-@MW.Z21 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for @MW.H21-@MW.Z21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
-16 -16 -16 -16 0
Prev. Close Volume Bid Ask Time
-34 0 2020-06-18 00:00:00
Expiration2021-03-12
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