Future Trend Analysis Report
Prepared for you on Tuesday, January 21, 2020.
HARD RED SPRING WHEAT SEPTEMBER 2020 (MGEX:@MW.U20)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
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.U20
The long term trend has been UP since Jan 2nd, 2020 at 588.50
The intermediate term trend has been UP since Dec 16th, 2019 at 554.75
The short term trend has been DOWN since Jan 16th, 2020 at 575.25
Smart Scan Analysis for @MW.U20
Based on a pre-defined weighted trend formula for chart analysis, @MW.U20 scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||608||52wk High Date||2019-06-03|
|52wk Low||533||52wk Low Date||2019-09-03|