Future Trend Analysis Report
Prepared for you on Sunday, October 17, 2021.
HARD RED SPRING WHEAT DECEMBER 2021 (MGEX:@MW.Z21)
Long-Term Uptrend (+90) - @MW.Z21 is in a strong uptrend that is likely to continue. While @MW.Z21 is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid @MW.Z21?
MarketClub looks at technical strength and momentum to determine if the timing is right for @MW.Z21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @MW.Z21
The long-term trend has been UP since Aug 31st, 2020 at 583
The intermediate-term trend has been UP since Sep 27th, 2021 at 920
The short-term trend has been UP since Oct 1st, 2021 at 924
Smart Scan Analysis for @MW.Z21
Based on our trend formula, @MW.Z21 is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||980||52wk High Date||2021-10-15|
|52wk Low||562||52wk Low Date||2020-08-14|