Index Trend Analysis Report
Prepared for you on Sunday, May 16, 2021.
Dow Jones Commodity Index Cocoa TR (INDEX:DJCICCT)
Crossroads (+60) - DJCICCT is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid DJCICCT?
MarketClub looks at technical strength and momentum to determine if the timing is right for DJCICCT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DJCICCT
The long-term trend has been DOWN since Apr 5th, 2021 at 113.637
The intermediate-term trend has been UP since May 13th, 2021 at 121.712
The short-term trend has been UP since May 6th, 2021 at 115.715
Smart Scan Analysis for DJCICCT
Based on our trend formula, DJCICCT is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).