Index Trend Analysis Report
Prepared for you on Wednesday, March 20, 2019.
WORLD BIOENERGY TOTAL RETURN INDEX (EUR) (CME:BIOX)
Smart Scan Chart Analysis indicates that the downward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
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 BIOX
The long term trend has been UP since Feb 6th, 2019 at 129.30
The intermediate term trend has been DOWN since Feb 27th, 2019 at 126.11
The short term trend has been DOWN since Mar 20th, 2019 at 128.38
Smart Scan Analysis for BIOX
Based on a pre-defined weighted trend formula for chart analysis, BIOX scored -50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||136.98||52wk High Date||2018-01-12|
|52wk Low||104.86||52wk Low Date||2018-04-04|