Index Trend Analysis Report
Prepared for you on Tuesday, August 9, 2022.
Dow Jones Commodity Index Heating Oil TR (INDEX:DJCIHOT)
Long-Term Downtrend (-90) - DJCIHOT is in a strong downtrend that is likely to continue. While DJCIHOT 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 DJCIHOT?
MarketClub looks at technical strength and momentum to determine if the timing is right for DJCIHOT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DJCIHOT
The long-term trend has been DOWN since Aug 5th, 2022 at 747.09
The intermediate-term trend has been DOWN since Jun 28th, 2022 at 915.52
The short-term trend has been DOWN since Aug 1st, 2022 at 802.72
Smart Scan Analysis for DJCIHOT
Based on our trend formula, DJCIHOT is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).