Index Trend Analysis Report
Prepared for you on Thursday, December 12, 2019.
Dow Jones Commodity Index Industrial Metals ER (INDEX:DJCIIMP)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight 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 DJCIIMP
The long term trend has been DOWN since Dec 2nd, 2019 at 89.534
The intermediate term trend has been UP since Dec 11th, 2019 at 91.183
The short term trend has been UP since Dec 6th, 2019 at 89.467
Smart Scan Analysis for DJCIIMP
Based on a pre-defined weighted trend formula for chart analysis, DJCIIMP scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).