Index Trend Analysis Report
Prepared for you on Tuesday, March 2, 2021.
ICE BofAML Commodity Index eXtra (Brent Crude oil) Excess Return (GIF:MLCXCOER)
Bull Market Weakness (+75) - MLCXCOER is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MLCXCOER as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid MLCXCOER?
MarketClub looks at technical strength and momentum to determine if the timing is right for MLCXCOER.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MLCXCOER
The long-term trend has been UP since Nov 24th, 2020 at 295.47
The intermediate-term trend has been UP since Feb 2nd, 2021 at 350.73
The short-term trend has been DOWN since Mar 2nd, 2021 at 402.66
Smart Scan Analysis for MLCXCOER
Based on our trend formula, MLCXCOER is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).