Index Trend Analysis Report
Prepared for you on Wednesday, July 17, 2019.
Dow Jones Commodity Index Wheat (INDEX:DJCIWH)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend Very tight money management 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 DJCIWH
The long term trend has been UP since Jun 3rd, 2019 at 192.4214
The intermediate term trend has been DOWN since Jul 9th, 2019 at 185.2126
The short term trend has been DOWN since Jul 15th, 2019 at 191.0351
Smart Scan Analysis for DJCIWH
Based on a pre-defined weighted trend formula for chart analysis, DJCIWH scored -70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||219.1312||52wk High Date||2018-08-02|
|52wk Low||151.8484||52wk Low Date||2017-12-11|