Index Trend Analysis Report
Prepared for you on Thursday, December 12, 2019.
Dow Jones Commodity Index Soybeans ER (INDEX:DJCISOP)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend 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 DJCISOP
The long term trend has been UP since Oct 11th, 2019 at 201.87
The intermediate term trend has been DOWN since Nov 11th, 2019 at 196.34
The short term trend has been DOWN since Dec 12th, 2019 at 188.94
Smart Scan Analysis for DJCISOP
Based on a pre-defined weighted trend formula for chart analysis, DJCISOP scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).