Index Trend Analysis Report
Prepared for you on Sunday, April 18, 2021.
SOFT RED WINTER WHEAT INDEX (MGEX:IW)
Strong Uptrend (+100) - IW is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, IW continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
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 Sep 2nd, 2020 at 531.87
The intermediate-term trend has been UP since Apr 12th, 2021 at 612.38
The short-term trend has been UP since Apr 1st, 2021 at 595.54
Smart Scan Analysis for IW
Based on our trend formula, IW is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||662.69||52wk High Date||2021-02-25|
|52wk Low||454.79||52wk Low Date||2020-06-29|
|Open Time||20:00||Close Time||14:45|