Index Trend Analysis Report
Prepared for you on Friday, September 18, 2020.
MLCX Biofuels Index - TR (Intraday Indicative) (GIF:MLIIBXTR)
Strong Uptrend (+100) - MLIIBXTR is in a strong uptrend that is likely to continue. With short-term, intermediate, and long-term bullish momentum, MLIIBXTR continues to climb. Traders should protect gains and look for a change in score to suggest a slow down in momentum.
Is it time to buy, sell, or avoid MLIIBXTR?
MarketClub looks at technical strength and momentum to determine if the timing is right for MLIIBXTR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MLIIBXTR
The long-term trend has been UP since Sep 2nd, 2020 at 189.25
The intermediate-term trend has been UP since Sep 2nd, 2020 at 189.25
The short-term trend has been UP since Sep 11th, 2020 at 189.49
Smart Scan Analysis for MLIIBXTR
Based on our trend formula, MLIIBXTR is rated as a +100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).