Index Trend Analysis Report
Prepared for you on Monday, September 16, 2019.
Dow Jones Commodity Index Wheat TR (INDEX:DJCIWHT)
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 DJCIWHT
The long term trend has been DOWN since Sep 3rd, 2019 at 10.6247
The intermediate term trend has been UP since Sep 9th, 2019 at 11.0400
The short term trend has been UP since Sep 9th, 2019 at 10.8023
Smart Scan Analysis for DJCIWHT
Based on a pre-defined weighted trend formula for chart analysis, DJCIWHT scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).