Index Trend Analysis Report
Prepared for you on Thursday, November 26, 2020.
Thomson Reuters Equal Weight Commodity Total Return Index (GIF:CCITR)
Long-Term Uptrend (+90) - CCITR is in a strong uptrend that is likely to continue. While CCITR is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid CCITR?
MarketClub looks at technical strength and momentum to determine if the timing is right for CCITR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CCITR
The long-term trend has been UP since Jul 6th, 2020 at 201.60
The intermediate-term trend has been UP since Oct 21st, 2020 at 227.47
The short-term trend has been UP since Nov 3rd, 2020 at 221.78
Smart Scan Analysis for CCITR
Based on our trend formula, CCITR is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).