Index Trend Analysis Report
Prepared for you on Wednesday, November 13, 2019.
Risk Weighted Enhanced Commodity Index Ex Grains TR (CME:OCMDRWT)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines 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 OCMDRWT
The long term trend has been UP since Sep 16th, 2019 at 83.550
The intermediate term trend has been UP since Oct 23rd, 2019 at 83.521
The short term trend has been DOWN since Nov 7th, 2019 at 84.647
Smart Scan Analysis for OCMDRWT
Based on a pre-defined weighted trend formula for chart analysis, OCMDRWT scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||90.988||52wk High Date||2018-04-19|
|52wk Low||80.6141||52wk Low Date||2018-11-27|