Index Trend Analysis Report
Prepared for you on Friday, March 5, 2021.
DB Liquid Commodity Index - OY Gold ER (GIF:DGLDIX)
Long-Term Downtrend (-90) - DGLDIX is in a strong downtrend that is likely to continue. While DGLDIX is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid DGLDIX?
MarketClub looks at technical strength and momentum to determine if the timing is right for DGLDIX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DGLDIX
The long-term trend has been DOWN since Feb 17th, 2021 at 151.66
The intermediate-term trend has been DOWN since Feb 17th, 2021 at 152.48
The short-term trend has been DOWN since Feb 25th, 2021 at 151.54
Smart Scan Analysis for DGLDIX
Based on our trend formula, DGLDIX is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).