Index Trend Analysis Report
Prepared for you on Sunday, July 12, 2020.
ICE BofAML Commodity Index eXtra (Precious Metals) Total Return (GIF:MLCXPMTR)
Long-Term Uptrend (+90) - MLCXPMTR is in a strong uptrend that is likely to continue. While MLCXPMTR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid MLCXPMTR?
MarketClub looks at technical strength and momentum to determine if the timing is right for MLCXPMTR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MLCXPMTR
The long-term trend has been UP since Apr 13th, 2020 at 442.63
The intermediate-term trend has been UP since Jun 22nd, 2020 at 458.90
The short-term trend has been UP since Jun 11th, 2020 at 450.16
Smart Scan Analysis for MLCXPMTR
Based on our trend formula, MLCXPMTR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).