Index Trend Analysis Report
Prepared for you on Friday, September 18, 2020.
DB Liquid Commodity Index-OY Energy ER (GIF:DBENIX)
Sidelines Mode (-55) - DBENIX is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid DBENIX?
MarketClub looks at technical strength and momentum to determine if the timing is right for DBENIX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DBENIX
The long-term trend has been DOWN since Sep 2nd, 2020 at 298.42
The intermediate-term trend has been DOWN since Sep 2nd, 2020 at 340.58
The short-term trend has been UP since Sep 15th, 2020 at 320.98
Smart Scan Analysis for DBENIX
Based on our trend formula, DBENIX is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).