Index Trend Analysis Report
Prepared for you on Tuesday, September 21, 2021.
World Bioenergy Index (EUR) (CME:BIOXP)
Bear Market Rally (-75) - BIOXP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on BIOXP as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid BIOXP?
MarketClub looks at technical strength and momentum to determine if the timing is right for BIOXP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BIOXP
The long-term trend has been DOWN since May 11th, 2021 at 158.10
The intermediate-term trend has been DOWN since Sep 20th, 2021 at 157.66
The short-term trend has been DOWN since Sep 20th, 2021 at 161.34
Smart Scan Analysis for BIOXP
Based on our trend formula, BIOXP is rated as a -80 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||124.42||52wk High Date||2018-01-12|
|52wk Low||94.93||52wk Low Date||2018-07-05|