Index Trend Analysis Report
Prepared for you on Tuesday, September 22, 2020.
ICE BofAML Commodity Index eXtra (ENergy) Spot Return (GIF:MLCXENSP)
Sidelines Mode (-55) - MLCXENSP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid MLCXENSP?
MarketClub looks at technical strength and momentum to determine if the timing is right for MLCXENSP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MLCXENSP
The long-term trend has been UP since Jul 8th, 2020 at 256.44
The intermediate-term trend has been DOWN since Sep 4th, 2020 at 261.21
The short-term trend has been UP since Sep 16th, 2020 at 242.69
Smart Scan Analysis for MLCXENSP
Based on our trend formula, MLCXENSP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).