For its latest trading sesion, iShares Commodities Select Strategy ETF (COMT) dropped by -0.2% – here is what that looked like (as of 2019-10-29):
What’s the reason for these moves? To grasp this action better, We ought to analyze some technical indicators. The most important ones are as follows:
A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of -0.004, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.216, an Accumulation/Distribution Index (ADI) of 0.216, an On-Balance Volume (OBV) of 128.78, and a Chaiikin Money Flow (CMF) of -32.24. 3.0
So what do these technical indicators mean? Let’s see. According to Trading View, putting it all together gets the following:
So when putting all the technical indicators together, this is what you get. And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.
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