Index Trend Analysis Report
Prepared for you on Tuesday, July 17, 2018.
DJ US NONFERROUS METALS (INDEX:DWCONF)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with 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 DWCONF
The long term trend has been DOWN since Apr 24th, 2018 at 2985.43
The intermediate term trend has been UP since Jul 9th, 2018 at 3192.53
The short term trend has been DOWN since Jul 12th, 2018 at 3126.43
Smart Scan Analysis for DWCONF
Based on a pre-defined weighted trend formula for chart analysis, DWCONF scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||3646.23||52wk High Date||2018-01-25|
|52wk Low||2333.17||52wk Low Date||2017-07-24|