Index Trend Analysis Report
Prepared for you on Monday, October 22, 2018.
DJ COMMODITY INDEX CRUDE OIL (INDEX:DJCICL)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for DJCICL
The long term trend has been UP since Jul 25th, 2017 at 402.1061
The intermediate term trend has been DOWN since Oct 17th, 2018 at 593.6816
The short term trend has been DOWN since Oct 4th, 2018 at 632.6032
Smart Scan Analysis for DJCICL
Based on a pre-defined weighted trend formula for chart analysis, DJCICL scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||647.7675||52wk High Date||2018-10-03|
|52wk Low||434.3724||52wk Low Date||2017-10-24|