Index Trend Analysis Report
Prepared for you on Thursday, October 21, 2021.
Dow Jones Commodity Index Petroleum ER (INDEX:DJCIPTP)
Bull Market Weakness (+75) - DJCIPTP is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on DJCIPTP as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid DJCIPTP?
MarketClub looks at technical strength and momentum to determine if the timing is right for DJCIPTP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DJCIPTP
The long-term trend has been UP since Nov 24th, 2020 at 14.7988
The intermediate-term trend has been UP since Aug 30th, 2021 at 23.1845
The short-term trend has been DOWN since Oct 20th, 2021 at 27.4871
Smart Scan Analysis for DJCIPTP
Based on our trend formula, DJCIPTP is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).