Future Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
HARD RED SPRING WHEAT MARCH 2020 (MGEX:@MW.H20)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for @MW.H20
The long term trend has been DOWN since Aug 10th, 2018 at 656.75
The intermediate term trend has been UP since Jan 22nd, 2019 at 614.00
The short term trend has been UP since Jan 22nd, 2019 at 612.75
Smart Scan Analysis for @MW.H20
Based on a pre-defined weighted trend formula for chart analysis, @MW.H20 scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2018||52wk Low||586.5|
|52wk Low Date||2019-02-20||Volatility||9.65|