Index Trend Analysis Report
Prepared for you on Thursday, June 20, 2019.
SOFT RED WINTER WHEAT INDEX (MGEX:IW)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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.
MarketClub’s Trade Triangles for IW
The long term trend has been UP since Jun 4th, 2019 at 491.67
The intermediate term trend has been UP since May 17th, 2019 at 421.06
The short term trend has been DOWN since Jun 19th, 2019 at 519.43
Smart Scan Analysis for IW
Based on a pre-defined weighted trend formula for chart analysis, IW scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||2018||52wk High Date||2018-08-07|
|52wk Low||402.03||52wk Low Date||2019-05-10|
|Open Time||20:00||Close Time||14:45|