Index Trend Analysis Report
Prepared for you on Saturday, August 15, 2020.
Dow Jones Commodity Index Unleaded Gasoline TR (INDEX:DJCIRBT)
Sidelines Mode (-55) - DJCIRBT 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 DJCIRBT?
MarketClub looks at technical strength and momentum to determine if the timing is right for DJCIRBT.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for DJCIRBT
The long-term trend has been DOWN since Jan 27th, 2020 at 781.75
The intermediate-term trend has been DOWN since Jul 30th, 2020 at 517.63
The short-term trend has been UP since Aug 4th, 2020 at 539.43
Smart Scan Analysis for DJCIRBT
Based on our trend formula, DJCIRBT is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).