Spread Trend Analysis Report
Prepared for you on Tuesday, July 7, 2020.
HARD RED SPRING WHEAT SEP 20/DEC 20 (MGEX:@MW.U20-@MW.Z20)
Long-Term Downtrend (-90) - @MW.U20-@MW.Z20 is in a strong downtrend that is likely to continue. While @MW.U20-@MW.Z20 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.U20-@MW.Z20?
MarketClub looks at technical strength and momentum to determine if the timing is right for @MW.U20-@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.U20-@MW.Z20
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.U20-@MW.Z20
Based on our trend formula, @MW.U20-@MW.Z20 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||-1||52wk High Date||2019-05-23|
|52wk Low||-16||52wk Low Date||2019-08-21|