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Index Trend Analysis Report
Prepared for you on Saturday, December 21, 2024.
Risk Weighted Enhanced Commodity Index Ex Grains (CME:OCMDRWE)
Crossroads (-60) - OCMDRWE is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid OCMDRWE?
MarketClub looks at technical strength and momentum to determine if the timing is right for OCMDRWE.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for OCMDRWE
The long-term trend has been UP since Oct 4th, 2024 at 131.47
The intermediate-term trend has been DOWN since Dec 17th, 2024 at 127.70
The short-term trend has been DOWN since Dec 16th, 2024 at 128.77
Smart Scan Analysis for OCMDRWE
Based on our trend formula, OCMDRWE is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 126.00 | 126.69 | 125.65 | 126.69 | +0.71 |
| Prev. Close | Volume | Bid | Ask | Time |
| 126.69 | 0 | 2024-12-20 16:54:42 |
| 52wk High | 89.2614 | 52wk High Date | 2018-04-19 |
| 52wk Low | 78.0889 | 52wk Low Date | 2018-11-27 |