Index Trend Analysis Report
Prepared for you on Saturday, December 16, 2017.
WORLD BIOENERGY INDEX (USD) (CME:BIOXPD)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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.
MarketClub’s Trade Triangles for BIOXPD
The long term trend has been UP since Sep 13th, 2017 at 109.31
The intermediate term trend has been UP since Nov 20th, 2017 at 103.88
The short term trend has been DOWN since Dec 15th, 2017 at 104.00
Smart Scan Analysis for BIOXPD
Based on a pre-defined weighted trend formula for chart analysis, BIOXPD scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||113.39||52wk High Date||2017-09-21|
|52wk Low||95.17||52wk Low Date||2017-08-18|