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Power Trend Levels

Trend Definition:

A trend can be defined as a sustained price move either up or down. When the demand is greater than the supply, the trend will be up as there are more buyers than sellers. On the flip side, when the supply exceeds demand, the trend will be down as there are more sellers than buyers. Trends are therefore bullish or bearish in direction.


Are the markets trending higher or lower and how strong are these trends? To evaluate the markets, we use the Power Trend indicator to quantify the true power behind the trends of individual markets. The Power Trend table below is organized by sector providing a technical overview for many of the markets monitored by Chart Research.

Power Trend (PT) Level Descriptions:

  • Bullish trending markets greater than +5
  • Bearish trending markets less than -5
  • Trendless markets between +5 and -5

Power Trend Level:

Market
Sector
PowerTrend
PT_Analysis
VC_Analysis
{Market}
{Sector}
{PowerTrend}
{PT_Analysis}
{VC_Analysis}

Market Symbols:

1. Currency Markets

  • AD: Australian Dollar
  • BP: British Pound
  • CD: Canadian Dollar
  • DX: Dollar Index
  • CU: Euro Currency
  • JY: Japanese Yen
 

2. Interest Rate Markets

  • ED: Eurodollars
  • FV: 5-Year Notes
  • TY: 10-Year Notes
  • EB: Euro Bund
  • CG: Canadian Govt Bond
  • JG: Japanese Govt Bond


3. Stock Markets

  • RL: Russell 2000
  • SP: S&P 500
  • FC: Paris CAC
  • FD: Eurex DAX
  • HS: Hang Seng Index
  


4. Energy Markets

  • CL: Crude Oil
  • LG: Gas Oil
  • NG: Natural Gass


5. Grain Markets

  • C: Corn
  • KW: Kansas City Wheat
  • S: Soybeans
  • BO: Soybean Bean Oil
  • SM: Soybean Meal
  • W: Wheat (CBOT)
  


6. Soft Markets

  • KC: Coffee
  • LK: Coffee (London)
  • CT: Cotton
  • LB: Lumber
  • SB: Sugar
  • LS: Sugar (London)


7. Meat Markets

  • LC: Live Cattle
  • LH: Lean Hogs
  


8. Metal Markets

  • MH: Aluminum (LME)
  • MC: Copper (LME)
  • HG: Copper
  • GC: Gold
  • MP: Lead (LME)
  • MN: Nickel (LME)
  • MZ: Zinc (LME)