Future Trend Analysis Report
Prepared for you on Monday, November 23, 2020.
HARD RED SPRING WHEAT JULY 2021 (MGEX:@MW.N21)
Crossroads (-60) - @MW.N21 is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid @MW.N21?
MarketClub looks at technical strength and momentum to determine if the timing is right for @MW.N21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @MW.N21
The long-term trend has been UP since Sep 18th, 2020 at 579.25
The intermediate-term trend has been DOWN since Nov 2nd, 2020 at 570.75
The short-term trend has been DOWN since Nov 20th, 2020 at 580.00
Smart Scan Analysis for @MW.N21
Based on our trend formula, @MW.N21 is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||603.5||52wk High Date||2020-10-21|
|52wk Low||540.5||52wk Low Date||2020-08-12|