Index Trend Analysis Report
Prepared for you on Sunday, August 19, 2018.
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 DOWN since Mar 28th, 2018 at 101.19
The intermediate term trend has been UP since Jul 27th, 2018 at 92.40
The short term trend has been DOWN since Aug 10th, 2018 at 95.61
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||120.89||52wk High Date||2018-01-29|
|52wk Low||87.33||52wk Low Date||2018-07-05|