Index Trend Analysis Report
Prepared for you on Saturday, August 15, 2020.
ICE BofAML Commodity Index eXtra (Coffee) Total Return (GIF:MLCXKCTR)
Weak Uptrend (+65) - MLCXKCTR is showing signs of weakening momentum to the upside. Monitor MLCXKCTR as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid MLCXKCTR?
MarketClub looks at technical strength and momentum to determine if the timing is right for MLCXKCTR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MLCXKCTR
The long-term trend has been UP since Aug 3rd, 2020 at 20.001
The intermediate-term trend has been UP since Jun 30th, 2020 at 17.846
The short-term trend has been DOWN since Aug 11th, 2020 at 20.367
Smart Scan Analysis for MLCXKCTR
Based on our trend formula, MLCXKCTR is rated as a +65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).