Future Trend Analysis Report
Prepared for you on Saturday, January 22, 2022.
HARD RED SPRING WHEAT MARCH 2022 (MGEX:@MW.H22)
Countertrend Down (-85) - @MW.H22 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid @MW.H22?
MarketClub looks at technical strength and momentum to determine if the timing is right for @MW.H22.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @MW.H22
The long-term trend has been DOWN since Jan 13th, 2022 at 900.75
The intermediate-term trend has been DOWN since Dec 28th, 2021 at 1008.75
The short-term trend has been UP since Jan 18th, 2022 at 895.50
Smart Scan Analysis for @MW.H22
Based on our trend formula, @MW.H22 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1066.25||52wk High Date||2021-11-02|
|52wk Low||583.25||52wk Low Date||2020-10-19|