Index Trend Analysis Report
Prepared for you on Monday, October 14, 2019.
Dow Jones Commodity Index Natural Gas ER (INDEX:DJCINGP)
Smart Scan Chart Analysis indicates a counter trend rally is underway The current up-trend could be changing and moving into a trading range Sidelines Mode.
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 DJCINGP
The long term trend has been UP since Sep 6th, 2019 at 0.3615
The intermediate term trend has been DOWN since Sep 30th, 2019 at 0.3426
The short term trend has been UP since Oct 14th, 2019 at 0.3318
Smart Scan Analysis for DJCINGP
Based on a pre-defined weighted trend formula for chart analysis, DJCINGP scored +55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).