Future Trend Analysis Report
Prepared for you on Friday, August 7, 2020.
HARD RED SPRING WHEAT MARCH 2021 (MGEX:@MW.H21)
Strong Downtrend (-100) - @MW.H21 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, SHORTSYMBOL continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid @MW.H21?
MarketClub looks at technical strength and momentum to determine if the timing is right for @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.H21
The long-term trend has been DOWN since Feb 28th, 2020 at 566.0
The intermediate-term trend has been DOWN since Jun 16th, 2020 at 549.0
The short-term trend has been DOWN since Jul 27th, 2020 at 537.5
Smart Scan Analysis for @MW.H21
Based on our trend formula, @MW.H21 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||611||52wk High Date||2019-09-26|
|52wk Low||525.5||52wk Low Date||2020-08-06|