Index Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
Optimized Roll Commodity Excess Return Index (CME:EBCIWTE)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 EBCIWTE
The long term trend has been DOWN since Dec 18th, 2018 at 204.39
The intermediate term trend has been DOWN since Aug 1st, 2019 at 201.56
The short term trend has been DOWN since Aug 16th, 2019 at 198.44
Smart Scan Analysis for EBCIWTE
Based on a pre-defined weighted trend formula for chart analysis, EBCIWTE scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).