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Index Trend Analysis Report
Prepared for you on Thursday, August 18, 2022.
Dow Jones Commodity Index Heating Oil (INDEX:DJCIHO)
Sidelines Mode (-55) - DJCIHO 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 DJCIHO?
MarketClub looks at technical strength and momentum to determine if the timing is right for DJCIHO.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for DJCIHO
The long-term trend has been DOWN since Aug 4th, 2022 at 1048.77
The intermediate-term trend has been DOWN since Jun 28th, 2022 at 1290.71
The short-term trend has been UP since Aug 10th, 2022 at 1059.93
Smart Scan Analysis for DJCIHO
Based on our trend formula, DJCIHO is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 1125.83 | 1146.35 | 1114.52 | 1135.57 | +16.48 |
| Prev. Close | Volume | Bid | Ask | Time |
| 1119.09 | 0 | 2022-08-18 20:29:09 |
| 52wk High | 771.8336 | 52wk High Date | 2018-10-03 |
| 52wk Low | 570.1953 | 52wk Low Date | 2018-02-14 |