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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.

MGEX_@MW.Z20-@MW.H21
Open High Low @MW.Z20-@MW.H21 Price Change
-13.25 -12.75 -13.50 -12.75 +0.75
Entry Signal

MarketClub’s Trade Triangles for @MW.Z20-@MW.H21

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.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).

-70
Smart Scan Analysis for @MW.Z20-@MW.H21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
-13.25 -12.75 -13.50 -12.75 +0.75
Prev. Close Volume Bid Ask Time
-13.50 84 -13.25 -12.75 2020-07-08 14:19:34
52wk High-2.2552wk High Date2019-07-15
52wk Low-14.7552wk Low Date2020-03-12
Expiration2020-12-14
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