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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.

MGEX_IW
Open High Low IW Price Change
507.09 507.09 507.09 507.09 +1.45
Entry Signal

MarketClub’s Trade Triangles for IW

long term down The long-term trend has been DOWN since Feb 6th, 2020 at 491.36

intermediate term up The intermediate-term trend has been UP since Jul 9th, 2020 at 484.54

short term up 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).

+70
Smart Scan Analysis for IW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
507.09 507.09 507.09 507.09 +1.45
Prev. Close Volume Bid Ask Time
505.64 0 2020-07-15 07:59:33
52wk High575.9552wk High Date2020-01-22
52wk Low437.2452wk Low Date2019-09-04
Open Time20:00Close Time14:45
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