Index Trend Analysis Report
Prepared for you on Sunday, January 20, 2019.
DJ COMMODITY INDEX GOLD (INDEX:DJCIGC)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management 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 DJCIGC
The long term trend has been UP since Dec 5th, 2018 at 430.2141
The intermediate term trend has been UP since Dec 3rd, 2018 at 427.0028
The short term trend has been DOWN since Jan 18th, 2019 at 447.0304
Smart Scan Analysis for DJCIGC
Based on a pre-defined weighted trend formula for chart analysis, DJCIGC scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||473.239||52wk High Date||2018-01-25|
|52wk Low||403.0387||52wk Low Date||2018-08-16|