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Index Trend Analysis Report
Prepared for you on Friday, May 17, 2024.
Dow Jones Commodity Index Heating Oil TR (INDEX:DJCIHOT)
Countertrend Down (-85) - DJCIHOT 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 DJCIHOT?
MarketClub looks at technical strength and momentum to determine if the timing is right for DJCIHOT.
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 DJCIHOT
The long-term trend has been DOWN since May 1st, 2024 at 924.48
The intermediate-term trend has been DOWN since Apr 18th, 2024 at 953.91
The short-term trend has been UP since May 16th, 2024 at 919.52
Smart Scan Analysis for DJCIHOT
Based on our trend formula, DJCIHOT is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 919.93 | 922.78 | 918.97 | 919.48 | +0.22 |
| Prev. Close | Volume | Bid | Ask | Time |
| 919.26 | 0 | 2024-05-17 04:26:24 |