Index Trend Analysis Report
Prepared for you on Thursday, March 23, 2023.
Dow Jones Commodity Index Brent Crude ER (INDEX:DJCIBRP)
Bear Market Rally (-75) - DJCIBRP is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on DJCIBRP as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid DJCIBRP?
MarketClub looks at technical strength and momentum to determine if the timing is right for DJCIBRP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DJCIBRP
The long-term trend has been DOWN since Sep 7th, 2022 at 651.63
The intermediate-term trend has been DOWN since Feb 6th, 2023 at 601.27
The short-term trend has been UP since Mar 22nd, 2023 at 575.95
Smart Scan Analysis for DJCIBRP
Based on our trend formula, DJCIBRP is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).