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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.

MGEX_IW
Open High Low IW Price Change
635.94 635.94 635.94 635.94 +5.07
Entry Signal

MarketClub’s Trade Triangles for IW

long term up The long-term trend has been UP since Sep 2nd, 2020 at 531.87

intermediate term up The intermediate-term trend has been UP since Apr 12th, 2021 at 612.38

short term up 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).

+100
Smart Scan Analysis for IW
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
635.94 635.94 635.94 635.94 +5.07
Prev. Close Volume Bid Ask Time
630.87 0 2021-04-16 09:12:09
52wk High662.6952wk High Date2021-02-25
52wk Low454.7952wk Low Date2020-06-29
Open Time20:00Close Time14:45
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