Index Trend Analysis Report
Prepared for you on Tuesday, September 25, 2018.
WORLD TIMBER INDEX (EUR) (CME:TIMBEXP)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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.
MarketClub’s Trade Triangles for TIMBEXP
The long term trend has been UP since Sep 22nd, 2017 at 1450.41
The intermediate term trend has been DOWN since Sep 24th, 2018 at 1739.28
The short term trend has been DOWN since Sep 24th, 2018 at 1741.46
Smart Scan Analysis for TIMBEXP
Based on a pre-defined weighted trend formula for chart analysis, TIMBEXP scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1860.44||52wk High Date||2018-06-07|
|52wk Low||1453.5||52wk Low Date||2017-09-29|