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.
MarketClub’s Trade Triangles for IW
The long-term trend has been UP since Oct 6th, 2021 at 719.14
The intermediate-term trend has been UP since Oct 1st, 2021 at 666.00
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).
|52wk High||833.25||52wk High Date||2021-10-06|
|52wk Low||546.16||52wk Low Date||2020-12-09|
|Open Time||20:00||Close Time||14:45|