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Prepared for you on Tuesday, July 7, 2020.

HARD RED SPRING WHEAT DEC 20/JUL 21 (MGEX:@MW.Z20-@MW.N21)

Long-Term Downtrend (-90) - @MW.Z20-@MW.N21 is in a strong downtrend that is likely to continue. While @MW.Z20-@MW.N21 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.Z20-@MW.N21?

MarketClub looks at technical strength and momentum to determine if the timing is right for @MW.Z20-@MW.N21.

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

MGEX_@MW.Z20-@MW.N21
Open High Low @MW.Z20-@MW.N21 Price Change
-32 -32 -32 -32 +2
Entry Signal

MarketClub’s Trade Triangles for @MW.Z20-@MW.N21

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.N21

Based on our trend formula, @MW.Z20-@MW.N21 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for @MW.Z20-@MW.N21
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
-32 -32 -32 -32 +2
Prev. Close Volume Bid Ask Time
-32 1 2020-06-30 12:33:39
52wk High-30.552wk High Date2020-06-25
52wk Low-33.7552wk Low Date2020-06-30
Expiration2020-12-14
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