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Index Trend Analysis Report

Prepared for you on Thursday, October 19, 2017.

EUROPEAN RENEWABLE ENERGY PRICE INDEX (U) (CME:ERIXPD)

Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management stops.

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.

CME_ERIXPD
Open High Low ERIXPD Price Change
978.40 980.51 972.24 977.00 +1.52
Entry Signal

MarketClub’s Trade Triangles for ERIXPD

long term up The long term trend has been UP since Feb 16th, 2017 at 844.98

intermediate term up The intermediate term trend has been UP since Oct 12th, 2017 at 1007.75

short term down The short term trend has been DOWN since Oct 16th, 2017 at 991.32

Smart Scan Analysis for ERIXPD

Based on a pre-defined weighted trend formula for chart analysis, ERIXPD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+65
Smart Scan Analysis for ERIXPD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
978.40 980.51 972.24 977.00 +1.52
Prev. Close Volume Bid Ask Time
975.48 0 2017-10-19 10:07:33
52wk High1014.7752wk High Date2017-07-27
52wk Low697.852wk Low Date2016-12-09
Want to analyze EUROPEAN RENEWABLE ENERGY PRICE INDEX (U) ERIXPD or another symbol? Try our Free Index Trend Analysis Report.