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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.

MGEX_IW
Open High Low IW Price Change
507.00 507.00 507.00 507.00 -9.55
Entry Signal

MarketClub’s Trade Triangles for IW

long term up The long term trend has been UP since Jun 4th, 2019 at 491.67

intermediate term up The intermediate term trend has been UP since May 17th, 2019 at 421.06

short term down 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).

+75
Smart Scan Analysis for IW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
507.00 507.00 507.00 507.00 -9.55
Prev. Close Volume Bid Ask Time
516.55 0 0.00 0.00 2019-06-20 08:03:20
52wk High201852wk High Date2018-08-07
52wk Low402.0352wk Low Date2019-05-10
Open Time20:00Close Time14:45
Want to analyze SOFT RED WINTER WHEAT INDEX IW or another symbol? Try our Free Index Trend Analysis Report.