Future Trend Analysis Report
Prepared for you on Thursday, July 18, 2019.
HARD RED SPRING WHEAT JULY 2019 (MGEX:@MW.N19)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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.N19
The long term trend has been DOWN since Jun 15th, 2018 at 628.25
The intermediate term trend has been DOWN since Jun 19th, 2019 at 547.00
The short term trend has been DOWN since Jul 1st, 2019 at 549.50
Smart Scan Analysis for @MW.N19
Based on a pre-defined weighted trend formula for chart analysis, @MW.N19 scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2018||52wk Low||506|
|52wk Low Date||2019-04-30||Volatility||19.68|