Index Trend Analysis Report
Prepared for you on Wednesday, July 15, 2020.
SOFT RED WINTER WHEAT INDEX (MGEX:IW)
Bull Market Weakness (+75) - IW is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on IW as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid IW?
MarketClub looks at technical strength and momentum to determine if the timing is right for IW.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IW
The long-term trend has been DOWN since Feb 6th, 2020 at 491.36
The intermediate-term trend has been UP since Jul 9th, 2020 at 484.54
The short-term trend has been UP since Jun 30th, 2020 at 466.86
Smart Scan Analysis for IW
Based on our trend formula, IW is rated as a +70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||575.95||52wk High Date||2020-01-22|
|52wk Low||437.24||52wk Low Date||2019-09-04|
|Open Time||20:00||Close Time||14:45|