Index Trend Analysis Report
Prepared for you on Tuesday, September 22, 2020.
MLCX Grains Index - TR (Intraday Indicative) (GIF:MLIIGRTR)
Bull Market Weakness (+75) - MLIIGRTR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on MLIIGRTR as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid MLIIGRTR?
MarketClub looks at technical strength and momentum to determine if the timing is right for MLIIGRTR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for MLIIGRTR
The long-term trend has been UP since Aug 27th, 2020 at 46.928
The intermediate-term trend has been UP since Aug 17th, 2020 at 45.829
The short-term trend has been DOWN since Sep 22nd, 2020 at 49.310
Smart Scan Analysis for MLIIGRTR
Based on our trend formula, MLIIGRTR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).