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Index Trend Analysis Report

Prepared for you on Monday, April 6, 2020.

HARD RED WINTER WHEAT INDEX (MGEX:IH)

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

Is it time to buy, sell, or avoid IH?

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

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

MGEX_IH
Open High Low IH Price Change
441.34 441.34 441.34 441.34 -2.22
Entry Signal

MarketClub’s Trade Triangles for IH

long term up The long-term trend has been UP since Nov 13th, 2019 at 405.27

intermediate term up The intermediate-term trend has been UP since Mar 24th, 2020 at 441.89

short term down The short-term trend has been DOWN since Apr 2nd, 2020 at 461.64

Smart Scan Analysis for IH

Based on our trend formula, IH is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for IH
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
441.34 441.34 441.34 441.34 -2.22
Prev. Close Volume Bid Ask Time
443.56 0 2020-04-03 07:57:19
52wk High478.5452wk High Date2020-03-26
52wk Low349.5352wk Low Date2019-09-04
Open Time20:00Close Time14:45
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