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Index Trend Analysis Report

Prepared for you on Saturday, November 27, 2021.

SOFT RED WINTER WHEAT INDEX (MGEX:IW)

Long-Term Uptrend (+90) - IW is in a strong uptrend that is likely to continue. While IW is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

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.

MGEX_IW
Open High Low IW Price Change
791.05 791.05 791.05 791.05 -18.75
Entry Signal

MarketClub’s Trade Triangles for IW

long term up The long-term trend has been UP since Oct 6th, 2021 at 719.14

intermediate term up The intermediate-term trend has been UP since Oct 1st, 2021 at 666.00

short term up The short-term trend has been UP since Nov 10th, 2021 at 729.21

Smart Scan Analysis for IW

Based on our trend formula, IW is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for IW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
791.05 791.05 791.05 791.05 -18.75
Prev. Close Volume Bid Ask Time
809.80 0 2021-11-26 09:35:49
52wk High833.2552wk High Date2021-10-06
52wk Low546.1652wk Low Date2020-12-09
Open Time20:00Close Time14:45
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