Index Trend Analysis Report
Prepared for you on Tuesday, November 12, 2019.
Dow Jones Commodity Index Copper ER (INDEX:DJCIICP)
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
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 DJCIICP
The long term trend has been UP since Nov 7th, 2019 at 417.972
The intermediate term trend has been UP since Oct 18th, 2019 at 406.407
The short term trend has been DOWN since Nov 11th, 2019 at 409.939
Smart Scan Analysis for DJCIICP
Based on a pre-defined weighted trend formula for chart analysis, DJCIICP scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend).