Index Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
Dow Jones Commodity Index Lean Hogs ER (INDEX:DJCILHP)
Countertrend Down (-85) - DJCILHP is showing short-term strength. However, look for the longer-term bearish trend to resume. As always, continue to monitor the trend score and set stops.
Is it time to buy, sell, or avoid DJCILHP?
MarketClub looks at technical strength and momentum to determine if the timing is right for DJCILHP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DJCILHP
The long-term trend has been DOWN since Oct 2nd, 2023 at 7.0299
The intermediate-term trend has been DOWN since Nov 21st, 2023 at 6.9853
The short-term trend has been UP since Nov 30th, 2023 at 6.7401
Smart Scan Analysis for DJCILHP
Based on our trend formula, DJCILHP is rated as a -85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).