Index Trend Analysis Report
Prepared for you on Tuesday, December 7, 2021.
Optimized Roll Commodity Excess Return Index (CME:EBCIWTE)
Sidelines Mode (-55) - EBCIWTE is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid EBCIWTE?
MarketClub looks at technical strength and momentum to determine if the timing is right for EBCIWTE.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for EBCIWTE
The long-term trend has been UP since Jul 1st, 2020 at 180.67
The intermediate-term trend has been DOWN since Nov 26th, 2021 at 271.57
The short-term trend has been UP since Dec 7th, 2021 at 264.46
Smart Scan Analysis for EBCIWTE
Based on our trend formula, EBCIWTE is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).