Future Trend Analysis Report
Prepared for you on Monday, August 10, 2020.
HARD RED SPRING WHEAT SEPTEMBER 2020 (MGEX:@MW.U20)
Strong Downtrend (-100) - @MW.U20 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.U20?
MarketClub looks at technical strength and momentum to determine if the timing is right for @MW.U20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @MW.U20
The long-term trend has been DOWN since Feb 28th, 2020 at 537.25
The intermediate-term trend has been DOWN since Jun 25th, 2020 at 523.75
The short-term trend has been DOWN since Aug 2nd, 2020 at 509.25
Smart Scan Analysis for @MW.U20
Based on our trend formula, @MW.U20 is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||608||52wk High Date||2019-06-03|
|52wk Low||491||52wk Low Date||2020-08-07|