CRB Metals index

CRB Metals index closed up by 0.4% to 1165.25 on 23 January 2021 and +2.67% on a weekly basis. CRB Metals index momentum was last calculated at +50.0/100 indicating positive momentum. CRB Metals index trend is +100.0/100 indicating a positive trend. CRB Metals index momentum exhaustion is 2.38581 indicating CRB Metals index is oversold.CRB Metals index RSI is 75.2948 .

CRB Metals index Chart

CRB Metals index

CRB Metals index Statistics

SecuritySymbolLastMomentumTrendOscillatorRSI1D%1W%1M%1Y%
CRB Metals indexcrb-metals1165.250.512.3858175.29480.42.678.790.19733

CRB Metals index closed at 1165.25 on 23 January 2021. CRB Metals index trend was last calculated at +100.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. CRB Metals index momentum was last calculated at +50.0/100 (range: -100 to +100) indicating positive momentum. CRB Metals index momentum exhaustion is 2.38581 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating CRB Metals index is oversold and a possible reversal is imminent. CRB Metals index RSI was last calculated at 75.2948. CRB Metals index moving averages were last recorded as follows: 1-month moving average: 892.18 in an uptrend , 1-quarter moving average: 829.166 in an uptrend and 1-year moving average: 738.24 in an uptrend. CRB Metals index annual return was last recorded at None%, daily return was last recorded at 0.4%, and weekly return was last recorded at 2.67%. CRB Metals index histrorical 20-day volatility was last recorded at 20.1889%, CRB Metals index alpha None, CRB Metals index beta None and CRB Metals index maximum drawdown was recorded at None%. MacroVar models monitor CRB Metals index statistics based on historical data since 1970.

CRB Metals index Trading Signals

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

CRB Metals 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 Metals index momentum signal ranges from -100 to +100. The CRB Metals 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 Metals 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 Metals index BADI momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when CRB Metals index momentum signal moves from positive to negative value or vice-versa.

CRB Metals index Trend

CRB Metals index trend signal ranges from -100 to +100. CRB Metals 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 Metals index Closing price vs CRB Metals index moving average (MA) calculation: If CRB Metals index is greater than CRB Metals index MA value is +1, else -1, 2. CRB Metals index Moving average slope calculation: if current CRB Metals index moving average is higher than the previous MA, CRB Metals index upward slope +1, else -1
CRB Metals index trend model can be used as a trend strength indicator. CRB Metals 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 Metals index trend strength indicator moves from positive to negative value or vice-versa.

The most important trend indicator
The CRB Metals index 52-week simple moving average and its slope are the most important indicators defining a market’s trend. CRB Metals index is in an uptrend when CRB Metals index price is higher than the 52-week moving average and the CRB Metals 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 Metals index oscillator and CRB Metals index RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.

CRB Metals index Oscillator

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

CRB Metals index oversold conditions
CRB Metals index is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the CRB Metals index is oversold it is often due for a rebound. Values of the CRB Metals index oscillator lower than -2.5 signify oversold conditions. It must be noted that the CRB Metals index oscillator must be analyzed ibn conjunction with the rest of CRB Metals 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 Metals index RSI.
CRB Metals index overbought conditions
CRB Metals index is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the CRB Metals index is overbought it is often due for a correction. Values of the CRB Metals 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 Metals 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 Metals 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 Metals index is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During CRB Metals 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 Metals index Returns

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

CRB Metals index returns = (CRB Metals index Closing Price Previous Price)/(CRB Metals index Previous Price)

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