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Index Trend Analysis Report

Prepared for you on Wednesday, December 11, 2019.

World Timber Total Return Index (USD) (CME:TIMBEXD)

Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.

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.

CME_TIMBEXD
Open High Low TIMBEXD Price Change
1638.41 1643.92 1635.46 1639.67 +0.12
Entry Signal

MarketClub’s Trade Triangles for TIMBEXD

long term up The long term trend has been UP since Oct 18th, 2019 at 1553.92

intermediate term down The intermediate term trend has been DOWN since Dec 3rd, 2019 at 1632.45

short term down The short term trend has been DOWN since Dec 10th, 2019 at 1641.89

Smart Scan Analysis for TIMBEXD

Based on a pre-defined weighted trend formula for chart analysis, TIMBEXD scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-60
Smart Scan Analysis for TIMBEXD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1638.41 1643.92 1635.46 1639.67 +0.12
Prev. Close Volume Bid Ask Time
1656.58 0 2019-12-11 05:57:32
52wk High2108.2652wk High Date2018-06-07
52wk Low1522.9952wk Low Date2018-11-28
Want to analyze World Timber Total Return Index (USD) TIMBEXD or another symbol? Try our Free Index Trend Analysis Report.