Future Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
HARD RED SPRING WHEAT MARCH 2023 (MGEX:@MW.H23)
Strong Downtrend (-100) - @MW.H23 is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, @MW.H23 continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid @MW.H23?
MarketClub looks at technical strength and momentum to determine if the timing is right for @MW.H23.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @MW.H23
The long-term trend has been DOWN since Jul 1st, 2022 at 1015.75
The intermediate-term trend has been DOWN since Jun 1st, 2022 at 1195.00
The short-term trend has been DOWN since Aug 17th, 2022 at 919.75
Smart Scan Analysis for @MW.H23
Based on our trend formula, @MW.H23 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1390.25||52wk High Date||2022-05-16|
|52wk Low||853.5||52wk Low Date||2022-01-18|