Index Trend Analysis Report
Prepared for you on Saturday, January 20, 2018.
CUSHING 30 MLP INDEX (CME:MLPX)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with 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.
MarketClub’s Trade Triangles for MLPX
The long term trend has been UP since Jan 4th, 2018 at 309.23
The intermediate term trend has been UP since Dec 4th, 2017 at 288.30
The short term trend has been DOWN since Jan 18th, 2018 at 316.47
Smart Scan Analysis for MLPX
Based on a pre-defined weighted trend formula for chart analysis, MLPX scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||336.46||52wk High Date||2017-02-16|
|52wk Low||270.24||52wk Low Date||2017-11-29|