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Index Trend Analysis Report
Prepared for you on Wednesday, September 11, 2024.
Dow Jones Commodity Index Heating Oil ER (INDEX:DJCIHOP)
Long-Term Downtrend (-90) - DJCIHOP is in a strong downtrend that is likely to continue. While DJCIHOP is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid DJCIHOP?
MarketClub looks at technical strength and momentum to determine if the timing is right for DJCIHOP.
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 DJCIHOP
The long-term trend has been DOWN since May 1st, 2024 at 576.01
The intermediate-term trend has been DOWN since Jul 14th, 2024 at 569.62
The short-term trend has been DOWN since Aug 28th, 2024 at 519.29
Smart Scan Analysis for DJCIHOP
Based on our trend formula, DJCIHOP is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 464.78 | 473.79 | 460.33 | 468.98 | +3.81 |
| Prev. Close | Volume | Bid | Ask | Time |
| 465.17 | 0 | 2024-09-11 12:08:19 |