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Future Trend Analysis Report

Prepared for you on Tuesday, March 28, 2023.

HARD RED SPRING WHEAT DECEMBER 2023 (MGEX:@MW.Z23)

Bull Market Weakness (+75) - @MW.Z23 is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on @MW.Z23 as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid @MW.Z23?

MarketClub looks at technical strength and momentum to determine if the timing is right for @MW.Z23.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

MGEX_@MW.Z23
Open High Low @MW.Z23 Price Change
869.75 883.50 869.00 881.00 +10.00
Entry Signal

MarketClub’s Trade Triangles for @MW.Z23

long term down The long-term trend has been DOWN since Jun 27th, 2022 at 978.00

intermediate term up The intermediate-term trend has been UP since Mar 27th, 2023 at 867.25

short term up The short-term trend has been UP since Mar 24th, 2023 at 859.00

Smart Scan Analysis for @MW.Z23

Based on our trend formula, @MW.Z23 is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+70
Smart Scan Analysis for @MW.Z23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
869.75 883.50 869.00 881.00 +10.00
Prev. Close Volume Bid Ask Time
871.00 342 880.25 881.00 2023-03-28 13:38:51
52wk High110552wk High Date2022-05-27
52wk Low81752wk Low Date2023-03-10
Volatility13.52Expiration2023-12-14
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