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Index Trend Analysis Report
Prepared for you on Friday, April 19, 2024.
Risk Weighted Enhanced Commodity Index Ex Grains (CME:OCMDRWE)
Long-Term Uptrend (+90) - OCMDRWE is in a strong uptrend that is likely to continue. While OCMDRWE is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid OCMDRWE?
MarketClub looks at technical strength and momentum to determine if the timing is right for OCMDRWE.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for OCMDRWE
The long-term trend has been UP since Feb 23rd, 2024 at 120.41
The intermediate-term trend has been UP since Jan 23rd, 2024 at 116.05
The short-term trend has been UP since Apr 18th, 2024 at 131.45
Smart Scan Analysis for OCMDRWE
Based on our trend formula, OCMDRWE is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 131.68 | 131.68 | 131.37 | 131.44 | -0.25 |
| Prev. Close | Volume | Bid | Ask | Time |
| 131.69 | 0 | 2024-04-19 02:33:33 |
| 52wk High | 89.2614 | 52wk High Date | 2018-04-19 |
| 52wk Low | 78.0889 | 52wk Low Date | 2018-11-27 |