Future Trend Analysis Report
Prepared for you on Saturday, January 25, 2020.
HARD RED SPRING WHEAT MARCH 2020 (MGEX:@MW.H20)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management 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 1st, 2019 at 545.25
The intermediate term trend has been UP since Dec 12th, 2019 at 523.00
The short term trend has been DOWN since Jan 24th, 2020 at 552.75
Smart Scan Analysis for @MW.H20
Based on a pre-defined weighted trend formula for chart analysis, @MW.H20 scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||667||52wk High Date||2018-08-09|
|52wk Low||500.25||52wk Low Date||2019-09-03|