Free Daily Analysis

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.

GIF_MLCXSP
Open High Low MLCXSP Price Change
330.67 332.83 330.67 332.83 +2.16
Entry Signal

MarketClub’s Trade Triangles for MLCXSP

long term up The long-term trend has been UP since Jul 8th, 2020 at 306.55

intermediate term down The intermediate-term trend has been DOWN since Sep 9th, 2020 at 324.82

short term up 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).

+75
Smart Scan Analysis for MLCXSP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
330.67 332.83 330.67 332.83 +2.16
Prev. Close Volume Bid Ask Time
319.38 0 2020-09-18 16:22:37
Get a free daily analysis and signals for ICE BofAML Commodity Index eXtra Spot Return (MLCXSP) - Request Your Free Report.