CRB Fats & Oils index

CRB Fats & Oils index closed down by -0.36% to 645.45 on 23 January 2021 and +-0.95% on a weekly basis. CRB Fats & Oils index momentum was last calculated at +0.0/100 indicating positive momentum. CRB Fats & Oils index trend is +100.0/100 indicating a positive trend. CRB Fats & Oils index momentum exhaustion is 2.30061 indicating CRB Fats & Oils index is oversold.CRB Fats & Oils index RSI is 72.7349 .

CRB Fats & Oils index Chart

CRB Fats & Oils index

CRB Fats & Oils index Statistics

CRB Fats & Oils index closed at 645.45 on 23 January 2021. CRB Fats & Oils index trend was last calculated at +100.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. CRB Fats & Oils index momentum was last calculated at +0.0/100 (range: -100 to +100) indicating positive momentum. CRB Fats & Oils index momentum exhaustion is 2.30061 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating CRB Fats & Oils index is oversold and a possible reversal is imminent. CRB Fats & Oils index RSI was last calculated at 72.7349. CRB Fats & Oils index moving averages were last recorded as follows: 1-month moving average: 414.982 in an uptrend , 1-quarter moving average: 393.236 in an uptrend and 1-year moving average: 363.71 in an uptrend. CRB Fats & Oils index annual return was last recorded at None%, daily return was last recorded at -0.36%, and weekly return was last recorded at -0.95%. CRB Fats & Oils index histrorical 20-day volatility was last recorded at 9.65849%, CRB Fats & Oils index alpha None, CRB Fats & Oils index beta None and CRB Fats & Oils index maximum drawdown was recorded at None%. MacroVar models monitor CRB Fats & Oils index statistics based on historical data since 1970.

CRB Fats & Oils index Trading Signals

MacroVar estimates the following signals: CRB Fats & Oils index momentum, CRB Fats & Oils index trend, CRB Fats & Oils index oscillator, CRB Fats & Oils index RSI and CRB Fats & Oils index returns.

CRB Fats & Oils index Momentum

Momentum trading is used to capture moves in shorter timeframes than trends. Momentum is the relative change occurring in markets. Relative change is different to a trend. A long-term trend can be up but the short-term momentum of a specific market can be 0. If a market moves down and then moves up and then moves back down the net relative change in price is 0. That means momentum is 0. A short-term positive momentum, with a long-term downtrend results in markets with no momentum.

MacroVar CRB Fats & Oils index momentum signal ranges from -100 to +100. The CRB Fats & Oils index momentum signal is derived as the mean value from 4 calculations for the China Import Dry Bulk Freight Index CDFI. The timeframes monitored are the following: 1 Day (1 trading day), 1 Week (5 trading days), 1 Month (20 trading days), 3 Months (60 trading days)
For each timeframe, the following calculations are performed: 1. CRB Fats & Oils index return is calculated for the specific timeframe and 2. if the return calculated is higher than 0, signal value output is 1 else signal value is -1. CRB Fats & Oils index BADI momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when CRB Fats & Oils index momentum signal moves from positive to negative value or vice-versa.

CRB Fats & Oils index Trend

CRB Fats & Oils index trend signal ranges from -100 to +100. CRB Fats & Oils index trend indicator is the mean value of the 8 calculations described below. The timeframes monitored are the following: 1-month (20 trading days), 3-months (60 trading days), 6-months (125 trading days), 1-year (250 trading days)
For each timeframe, the following calculations are performed: 1. CRB Fats & Oils index Closing price vs CRB Fats & Oils index moving average (MA) calculation: If CRB Fats & Oils index is greater than CRB Fats & Oils index MA value is +1, else -1, 2. CRB Fats & Oils index Moving average slope calculation: if current CRB Fats & Oils index moving average is higher than the previous MA, CRB Fats & Oils index upward slope +1, else -1
CRB Fats & Oils index trend model can be used as a trend strength indicator. CRB Fats & Oils index trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when CRB Fats & Oils index trend strength indicator moves from positive to negative value or vice-versa.

The most important trend indicator
The CRB Fats & Oils index 52-week simple moving average and its slope are the most important indicators defining a market’s trend. CRB Fats & Oils index is in an uptrend when CRB Fats & Oils index price is higher than the 52-week moving average and the CRB Fats & Oils index 52-week moving average has an upward slope. If fundamentals of the market have not changed and the moving average slope is still in uptrend, a price drop signifies a market correction and not a change of trend. Traders should watch oscillators like the CRB Fats & Oils index oscillator and CRB Fats & Oils index RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.

CRB Fats & Oils index Oscillator

The CRB Fats & Oils index oscillator estimated by MacroVar is the z-score of the current CRB Fats & Oils index price versus CRB Fats & Oils index 1-year simple moving average price. The formula for the CRB Fats & Oils index oscillator is:
CRB Fats & Oils index oscillator = (Current Price – 250 trading days CRB Fats & Oils index simple moving average price) / (250 days CRB Fats & Oils index price standard deviation)

CRB Fats & Oils index oversold conditions
CRB Fats & Oils index is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the CRB Fats & Oils index is oversold it is often due for a rebound. Values of the CRB Fats & Oils index oscillator lower than -2.5 signify oversold conditions. It must be noted that the CRB Fats & Oils index oscillator must be analyzed ibn conjunction with the rest of CRB Fats & Oils index quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the CRB Fats & Oils index RSI.
CRB Fats & Oils index overbought conditions
CRB Fats & Oils index is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the CRB Fats & Oils index is overbought it is often due for a correction. Values of the CRB Fats & Oils index oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the CRB Fats & Oils index quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the RSI.

CRB Fats & Oils index RSI Indicator

The RSI indicator measures the speed and change of price movements. The RSI indicator oscillates between 0 and 100. RSI is a useful indicator during normal trending market conditions when an asset price oscillates around its trend value. During big moves and strong trends however, like short squeezes or price spikes RSI and other oscillators don’t work.
During normal trend market conditions and when CRB Fats & Oils index is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During CRB Fats & Oils index uptrend, RSI values of 40 to 50 signify oversold conditions before the uptrend is ready to resume. It is strongly not recommended to enter a position when the RSI is “overbought” and falling or vice versa.

CRB Fats & Oils index Returns

MacroVar calculates CRB Fats & Oils index returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

CRB Fats & Oils index returns = (CRB Fats & Oils index Closing Price Previous Price)/(CRB Fats & Oils index Previous Price)

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