Index Trend Analysis Report
Prepared for you on Tuesday, December 5, 2023.
Dow Jones Commodity Index Petroleum TR (INDEX:DJCIPTT)
Long-Term Downtrend (-90) - DJCIPTT is in a strong downtrend that is likely to continue. While DJCIPTT is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid DJCIPTT?
MarketClub looks at technical strength and momentum to determine if the timing is right for DJCIPTT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DJCIPTT
The long-term trend has been DOWN since Nov 8th, 2023 at 45.417
The intermediate-term trend has been DOWN since Oct 4th, 2023 at 50.506
The short-term trend has been DOWN since Dec 1st, 2023 at 45.545
Smart Scan Analysis for DJCIPTT
Based on our trend formula, DJCIPTT is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).