Spread Trend Analysis Report
Prepared for you on Thursday, July 9, 2020.
HARD RED SPRING WHEAT DEC 20/MAR 21 (MGEX:@MW.Z20-@MW.H21)
Weak Downtrend (-65) - @MW.Z20-@MW.H21 is showing signs of a strengthening downtrend. Monitor @MW.Z20-@MW.H21 as it may be building momentum to the downside.
Is it time to buy, sell, or avoid @MW.Z20-@MW.H21?
MarketClub looks at technical strength and momentum to determine if the timing is right for @MW.Z20-@MW.H21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @MW.Z20-@MW.H21
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.Z20-@MW.H21
Based on our trend formula, @MW.Z20-@MW.H21 is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||-2.25||52wk High Date||2019-07-15|
|52wk Low||-14.75||52wk Low Date||2020-03-12|