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Index Trend Analysis Report

Prepared for you on Friday, July 19, 2024.

Dow Jones Commodity Index Brent Crude TR (INDEX:DJCIBRT)

Countertrend Down (-85) - DJCIBRT is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.

Is it time to buy, sell, or avoid DJCIBRT?

MarketClub looks at technical strength and momentum to determine if the timing is right for DJCIBRT.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

INDEX_DJCIBRT
Open High Low DJCIBRT Price Change
1135.44 1143.45 1132.31 1138.02 +1.90
Entry Signal

MarketClub’s Trade Triangles for DJCIBRT

long term down The long-term trend has been DOWN since Jun 3rd, 2024 at 1040.78

intermediate term down The intermediate-term trend has been DOWN since Jul 16th, 2024 at 1122.02

short term up The short-term trend has been UP since Jul 17th, 2024 at 1144.42

Smart Scan Analysis for DJCIBRT

Based on our trend formula, DJCIBRT is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-85
Smart Scan Analysis for DJCIBRT
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1135.44 1143.45 1132.31 1138.02 +1.90
Prev. Close Volume Bid Ask Time
1136.12 0 2024-07-19 06:52:44
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