Index Trend Analysis Report
Prepared for you on Sunday, August 20, 2017.
CBOE/NYMEX WTI VOLATILITY INDEX (NYMEX:OIV)
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.
MarketClub’s Trade Triangles for OIV
The long term trend has been UP since May 3rd, 2017 at 38.81
The intermediate term trend has been UP since Aug 9th, 2017 at 32.26
The short term trend has been DOWN since Aug 17th, 2017 at 28.77
Smart Scan Analysis for OIV
Based on a pre-defined weighted trend formula for chart analysis, OIV scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||58.01||52wk High Date||2016-11-29|
|52wk Low||21.86||52wk Low Date||2017-04-13|