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Index Trend Analysis Report

Prepared for you on Wednesday, June 12, 2024.

Dow Jones Global Oil & Gas Index (INDEX:W1ENE)

Sidelines Mode (-55) - W1ENE 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 W1ENE?

MarketClub looks at technical strength and momentum to determine if the timing is right for W1ENE.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

INDEX_W1ENE
Open High Low W1ENE Price Change
463.27 467.61 459.50 460.71 -2.41
Entry Signal

MarketClub’s Trade Triangles for W1ENE

long term up The long-term trend has been UP since Mar 1st, 2024 at 446.12

intermediate term down The intermediate-term trend has been DOWN since May 1st, 2024 at 473.32

short term up The short-term trend has been UP since Jun 12th, 2024 at 465.86

Smart Scan Analysis for W1ENE

Based on our trend formula, W1ENE is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for W1ENE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
463.27 467.61 459.50 460.71 -2.41
Prev. Close Volume Bid Ask Time
463.12 0 2024-06-12 16:34:05
52wk High454.1752wk High Date2018-05-22
52wk Low372.4652wk Low Date2018-11-23
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