Index Trend Analysis Report
Prepared for you on Monday, November 30, 2020.
World Timber Index (USD) (CME:TIMBEXPD)
Long-Term Uptrend (+90) - TIMBEXPD is in a strong uptrend that is likely to continue. While TIMBEXPD is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid TIMBEXPD?
MarketClub looks at technical strength and momentum to determine if the timing is right for TIMBEXPD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for TIMBEXPD
The long-term trend has been UP since Jul 17th, 2020 at 1161.48
The intermediate-term trend has been UP since Nov 9th, 2020 at 1348.85
The short-term trend has been UP since Nov 16th, 2020 at 1362.01
Smart Scan Analysis for TIMBEXPD
Based on our trend formula, TIMBEXPD is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||1660.72||52wk High Date||2018-06-07|
|52wk Low||1192.43||52wk Low Date||2018-11-28|