Index Trend Analysis Report
Prepared for you on Sunday, September 24, 2023.
Dow Jones Commodity Index Cocoa ER (INDEX:DJCICCP)
Sidelines Mode (+55) - DJCICCP 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 DJCICCP?
MarketClub looks at technical strength and momentum to determine if the timing is right for DJCICCP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DJCICCP
The long-term trend has been UP since Nov 7th, 2022 at 70.311
The intermediate-term trend has been UP since Sep 5th, 2023 at 105.121
The short-term trend has been DOWN since Sep 18th, 2023 at 104.349
Smart Scan Analysis for DJCICCP
Based on our trend formula, DJCICCP is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).