Index Trend Analysis Report
Prepared for you on Friday, August 7, 2020.
ICE BofAML Commodity Index eXtra (Cotton) Spot Return (GIF:MLCXCTSP)
Strong Uptrend (+100) - MLCXCTSP is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, MLCXCTSP 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 MLCXCTSP?
MarketClub looks at technical strength and momentum to determine if the timing is right for MLCXCTSP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MLCXCTSP
The long-term trend has been UP since Jul 1st, 2020 at 81.765
The intermediate-term trend has been UP since Apr 23rd, 2020 at 72.325
The short-term trend has been UP since Jul 30th, 2020 at 82.609
Smart Scan Analysis for MLCXCTSP
Based on our trend formula, MLCXCTSP is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).