Index Trend Analysis Report
Prepared for you on Tuesday, January 19, 2021.
Dow Jones Commodity Index Brent Crude (INDEX:DJCIBR)
Bull Market Weakness (+75) - DJCIBR is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on DJCIBR as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid DJCIBR?
MarketClub looks at technical strength and momentum to determine if the timing is right for DJCIBR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DJCIBR
The long-term trend has been UP since Nov 24th, 2020 at 437.41
The intermediate-term trend has been UP since Nov 10th, 2020 at 410.34
The short-term trend has been DOWN since Jan 15th, 2021 at 519.27
Smart Scan Analysis for DJCIBR
Based on our trend formula, DJCIBR is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||815.0376||52wk High Date||2018-10-03|
|52wk Low||543.1391||52wk Low Date||2018-11-29|