Future Trend Analysis Report
Prepared for you on Saturday, December 9, 2023.
HARD RED SPRING WHEAT DECEMBER 2023 (MGEX:@MW.Z23)
Countertrend Down (-85) - @MW.Z23 is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
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.
MarketClub’s Trade Triangles for @MW.Z23
The long-term trend has been DOWN since Aug 30th, 2023 at 780.50
The intermediate-term trend has been DOWN since Aug 3rd, 2023 at 850.75
The short-term trend has been UP since Dec 4th, 2023 at 703.00
Smart Scan Analysis for @MW.Z23
Based on our trend formula, @MW.Z23 is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1105||52wk High Date||2022-05-27|
|52wk Low||682.5||52wk Low Date||2023-11-27|