EXH4, week 14: decline slows, gain at +2.4%
EXH4 slips 2% this week as the industrial goods basket's decline loses pace
EXH4, week 14: decline slows, gain at +2.4%
Our view last week
After last week's rebound off the 20-day average, the European industrial goods basket gave back ground this week, down 3.7%, with sellers dominating the tape (76% of volume) and the last candle showing extreme seller dominance. Money flow stays positive but is thinning out, and price is boxed between the 117.2 and 117.5 areas. The trade's gain slips from 8.48% to 4.51%.
This week's summary
Europe's industrial goods basket (EXH4) closes another week lower, down 2%, but the pace is slowing from recent days: momentum collapses from nearly 8 points to under 1, and sellers, still in the majority at 66% of volume, carry less weight than a week ago. Price stays boxed in a tight band between the 114 and 117 areas, with money flow still positive but thin. The trade's gain slips further, to 2.4%.
IQS Phase
53
ordinary
Signal Strength
56
medium
Sizing
STANDARD
Ranking
#21 / 61
EU-UK stocks in progress
Trade P&L %
+2.40%
from signal to today
restricted Platinum content