INK Canadian Insider Index moves 1.6% higher alongside oil, US markets, and metals

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index made a nice hop higher, hurtling as high as 967.52 intraday, before closing with a gain of 1.6%, or 15.24 points, at 945.55.

MACD fell over 5 points to -4.82. RSI edged up 2.69 to 57.31.

Support is at 890 (50-day moving average) and 932.57 (middle Bollinger band). Resistance is at 993 (upper Bollinger band) and 970.

As far as performance goes, the INK Canadian Insider Index beat copper (0.42%) and gold (0.9%) but lagged the SPDR S&P 500 ETF (SPY*US) (1.90%), silver (2.09%), and jumping crude oil (9.85%).

The INK Canadian Insider Index is used by the Horizons Cdn Insider Index (HII).