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Index Trend Analysis Report

Prepared for you on Wednesday, April 21, 2021.

MLCX Biofuels Index - TR (Intraday Indicative) (GIF:MLIIBXTR)

Long-Term Uptrend (+90) - MLIIBXTR is in a strong uptrend that is likely to continue. While MLIIBXTR 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 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.

GIF_MLIIBXTR
Open High Low MLIIBXTR Price Change
296.08 300.23 293.55 299.23 +3.25
Entry Signal

MarketClub’s Trade Triangles for MLIIBXTR

long term up The long-term trend has been UP since Sep 2nd, 2020 at 189.25

intermediate term up The intermediate-term trend has been UP since Mar 31st, 2021 at 278.20

short term up The short-term trend has been UP since Apr 14th, 2021 at 278.67

Smart Scan Analysis for MLIIBXTR

Based on our trend formula, MLIIBXTR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for MLIIBXTR
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
296.08 300.23 293.55 299.23 +3.25
Prev. Close Volume Bid Ask Time
295.98 0 2021-04-21 18:46:00
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