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Index Trend Analysis Report

Prepared for you on Sunday, February 17, 2019.

SOFT RED WINTER WHEAT INDEX (MGEX:IW)

Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management stops.

The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.

MGEX_IW
Open High Low IW Price Change
482.24 482.24 482.24 482.24 -14.98
Entry Signal

MarketClub’s Trade Triangles for IW

long term up The long term trend has been UP since Jan 29th, 2018 at 405.55

intermediate term down The intermediate term trend has been DOWN since Feb 15th, 2019 at 488.78

short term down The short term trend has been DOWN since Feb 15th, 2019 at 493.03

Smart Scan Analysis for IW

Based on a pre-defined weighted trend formula for chart analysis, IW scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-70
Smart Scan Analysis for IW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
482.24 482.24 482.24 482.24 -14.98
Prev. Close Volume Bid Ask Time
497.22 0 0.00 0.00 2019-02-15 08:09:26
52wk High201852wk High Date2018-08-07
52wk Low413.752wk Low Date2018-03-29
Open Time20:00Close Time14:45
Want to analyze SOFT RED WINTER WHEAT INDEX IW or another symbol? Try our Free Index Trend Analysis Report.