Index Trend Analysis Report
Prepared for you on Friday, April 16, 2021.
ICE BofAML Commodity Index eXtra CLA Index Excess Return (GIF:MLCXCLAE)
Strong Uptrend (+100) - MLCXCLAE is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, MLCXCLAE continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid MLCXCLAE?
MarketClub looks at technical strength and momentum to determine if the timing is right for MLCXCLAE.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MLCXCLAE
The long-term trend has been UP since Dec 11th, 2020 at 550.19
The intermediate-term trend has been UP since Apr 14th, 2021 at 709.71
The short-term trend has been UP since Apr 13th, 2021 at 695.82
Smart Scan Analysis for MLCXCLAE
Based on our trend formula, MLCXCLAE is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).