Index Trend Analysis Report
Prepared for you on Sunday, October 22, 2017.
CBOE/NYMEX WTI VOLATILITY INDEX (NYMEX:OIV)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 DOWN since Sep 13th, 2017 at 26.07
The intermediate term trend has been UP since Oct 12th, 2017 at 28.42
The short term trend has been UP since Oct 12th, 2017 at 27.43
Smart Scan Analysis for OIV
Based on a pre-defined weighted trend formula for chart analysis, OIV scored -60 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|