Index Trend Analysis Report
Prepared for you on Saturday, January 18, 2020.
Dow Jones Commodity Index Petroleum ER (INDEX:DJCIPTP)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 DJCIPTP
The long term trend has been UP since Sep 16th, 2019 at 28.960
The intermediate term trend has been DOWN since Jan 8th, 2020 at 28.911
The short term trend has been DOWN since Jan 8th, 2020 at 30.066
Smart Scan Analysis for DJCIPTP
Based on a pre-defined weighted trend formula for chart analysis, DJCIPTP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).