Spread Trend Analysis Report
Prepared for you on Wednesday, July 15, 2020.
HARD RED SPRING WHEAT MAY 21/DEC 21 (MGEX:@MW.K21-@MW.Z21)
Long-Term Downtrend (-90) - @MW.K21-@MW.Z21 is in a strong downtrend that is likely to continue. While @MW.K21-@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.K21-@MW.Z21?
MarketClub looks at technical strength and momentum to determine if the timing is right for @MW.K21-@MW.Z21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @MW.K21-@MW.Z21
The long-term trend has been DOWN since at
The intermediate-term trend has been DOWN since at
The short-term trend has been DOWN since at
Smart Scan Analysis for @MW.K21-@MW.Z21
Based on our trend formula, @MW.K21-@MW.Z21 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).