Index Trend Analysis Report
Prepared for you on Saturday, April 1, 2023.
Dow Jones Commodity Index Unleaded Gasoline ER (INDEX:DJCIRBP)
Sidelines Mode (-55) - DJCIRBP is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid DJCIRBP?
MarketClub looks at technical strength and momentum to determine if the timing is right for DJCIRBP.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DJCIRBP
The long-term trend has been DOWN since Dec 7th, 2022 at 969.85
The intermediate-term trend has been DOWN since Mar 15th, 2023 at 1085.34
The short-term trend has been UP since Mar 21st, 2023 at 1092.18
Smart Scan Analysis for DJCIRBP
Based on our trend formula, DJCIRBP is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).