Index Trend Analysis Report
Prepared for you on Friday, September 18, 2020.
ICE BofAML Commodity Index eXtra Spot Return (GIF:MLCXSP)
Bull Market Weakness (+75) - MLCXSP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MLCXSP as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid MLCXSP?
MarketClub looks at technical strength and momentum to determine if the timing is right for MLCXSP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MLCXSP
The long-term trend has been UP since Jul 8th, 2020 at 306.55
The intermediate-term trend has been DOWN since Sep 9th, 2020 at 324.82
The short-term trend has been UP since Sep 16th, 2020 at 317.21
Smart Scan Analysis for MLCXSP
Based on our trend formula, MLCXSP is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).