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Index Trend Analysis Report
Prepared for you on Friday, May 17, 2024.
Dow Jones Commodity Index Heating Oil (INDEX:DJCIHO)
Countertrend Down (-85) - DJCIHO is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid DJCIHO?
MarketClub looks at technical strength and momentum to determine if the timing is right for DJCIHO.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for DJCIHO
The long-term trend has been DOWN since Nov 7th, 2023 at 888.88
The intermediate-term trend has been DOWN since Apr 17th, 2024 at 812.85
The short-term trend has been UP since May 16th, 2024 at 781.82
Smart Scan Analysis for DJCIHO
Based on our trend formula, DJCIHO is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 781.82 | 784.25 | 780.12 | 781.16 | -0.09 |
| Prev. Close | Volume | Bid | Ask | Time |
| 781.25 | 0 | 2024-05-17 04:50:44 |
| 52wk High | 771.8336 | 52wk High Date | 2018-10-03 |
| 52wk Low | 570.1953 | 52wk Low Date | 2018-02-14 |