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Index Trend Analysis Report

Prepared for you on Wednesday, January 29, 2020.

World Bioenergy Total Return Index (EUR) (CME:BIOX)

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.

CME_BIOX
Open High Low BIOX Price Change
139.77 141.76 139.77 141.03 +0.52
Entry Signal

MarketClub’s Trade Triangles for BIOX

long term up The long term trend has been UP since Sep 16th, 2019 at 124.42

intermediate term up The intermediate term trend has been UP since Nov 7th, 2019 at 123.51

short term down The short term trend has been DOWN since Jan 28th, 2020 at 138.68

Smart Scan Analysis for BIOX

Based on a pre-defined weighted trend formula for chart analysis, BIOX scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

+85
Smart Scan Analysis for BIOX
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
139.77 141.76 139.77 141.03 +0.52
Prev. Close Volume Bid Ask Time
138.60 0 2020-01-29 09:49:47
52wk High136.9852wk High Date2018-01-12
52wk Low104.8652wk Low Date2018-04-04
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