Index Trend Analysis Report
Prepared for you on Wednesday, June 23, 2021.
World Timber Total Return Index (USD) (CME:TIMBEXD)
Crossroads (-60) - TIMBEXD 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 TIMBEXD?
MarketClub looks at technical strength and momentum to determine if the timing is right for TIMBEXD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TIMBEXD
The long-term trend has been UP since Jul 17th, 2020 at 1540.13
The intermediate-term trend has been DOWN since May 17th, 2021 at 2399.07
The short-term trend has been DOWN since Jun 15th, 2021 at 2282.86
Smart Scan Analysis for TIMBEXD
Based on our trend formula, TIMBEXD is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||2108.26||52wk High Date||2018-06-07|
|52wk Low||1522.99||52wk Low Date||2018-11-28|