Index Trend Analysis Report
Prepared for you on Sunday, August 18, 2019.
Dow Jones Commodity Index Heating Oil (INDEX:DJCIHO)
Smart Scan Chart Analysis confirms that a strong downtrend is in place and that the market remains negative longer term. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for DJCIHO
The long term trend has been DOWN since May 31st, 2019 at 586.6100
The intermediate term trend has been DOWN since Aug 1st, 2019 at 589.1304
The short term trend has been DOWN since Aug 16th, 2019 at 572.9679
Smart Scan Analysis for DJCIHO
Based on a pre-defined weighted trend formula for chart analysis, DJCIHO scored -100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||771.8336||52wk High Date||2018-10-03|
|52wk Low||570.1953||52wk Low Date||2018-02-14|