Index Trend Analysis Report
Prepared for you on Monday, December 4, 2023.
Dow Jones Commodity Index Precious Metals (INDEX:DJCIPM)
Bull Market Weakness (+75) - DJCIPM is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on DJCIPM as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid DJCIPM?
MarketClub looks at technical strength and momentum to determine if the timing is right for DJCIPM.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DJCIPM
The long-term trend has been UP since Nov 16th, 2023 at 356.88
The intermediate-term trend has been UP since Nov 16th, 2023 at 356.56
The short-term trend has been DOWN since Dec 4th, 2023 at 366.12
Smart Scan Analysis for DJCIPM
Based on our trend formula, DJCIPM is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).