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.
MarketClub’s Trade Triangles for IH
The long-term trend has been UP since Nov 13th, 2019 at 405.27
The intermediate-term trend has been UP since Mar 24th, 2020 at 441.89
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).
|52wk High||478.54||52wk High Date||2020-03-26|
|52wk Low||349.53||52wk Low Date||2019-09-04|
|Open Time||20:00||Close Time||14:45|