GCC NEWS why is Continuous Commodity Index price falling or rising

GCC NEWS reasons for why stock price of Continuous Commodity Index is falling or rising

GCC Continuous Commodity is falling or rising technical reasons

Technical analysis forecast for Continuous Commodity Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Continuous Commodity GCC at this time. Stock is falling and might fall more.

It appears as if Continuous Commodity GCC gave a large move recently.

Stock of Continuous Commodity (GCC) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Continuous Commodity is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Continuous Commodity stays below 18.5, but if it comes above 18.5, then a intra day buy could be more profitable.
If you take a sell trade below 18.5, then use 18.5 as stoploss and 18.2 as target. However if you take a buy trade in Continuous Commodity, then use 18.5 as stoploss and 18.77 as target.

GCC Continuous Commodity is falling or rising NEWS fundamental reasons

More announcements and NEWS

GCC Continuous Commodity Index current price & indicator signals

Moving Averages for Continuous Commodity Index

  • 5Day Average: 18.64
  • 12Day Average: 18.67
  • 20Day Average: 18.83
  • 50Day Average: 18.85
  • 100Day Average: 18.72
  • 150Day Average: 18.88
  • 200Day Average: 18.67

GCC Indicators & signals

Indicator MACD (12,26,9)

18.69, 18.81, -0.08
Indicator MACD is in negative zone

Indicator ADX (14)

0, 30.43, 30.43
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 50
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of GCC Continuous Commodity Index are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
13 Wed Nov 2024 18.48 18.44 to 18.55 -0.32% 0.58 times
12 Tue Nov 2024 18.54 18.47 to 18.65 -0.27% 0.56 times
11 Mon Nov 2024 18.59 18.47 to 18.59 -0.11% 1.48 times
08 Fri Nov 2024 18.61 18.60 to 18.77 -1.85% 0.81 times
07 Thu Nov 2024 18.96 18.69 to 18.96 1.55% 0.75 times
06 Wed Nov 2024 18.67 18.45 to 18.67 -1.11% 0.85 times
05 Tue Nov 2024 18.88 18.77 to 18.88 0.69% 1.12 times
04 Mon Nov 2024 18.75 18.66 to 18.76 1.19% 1.19 times
01 Fri Nov 2024 18.53 18.53 to 18.76 -0.96% 0.26 times
31 Thu Oct 2024 18.71 18.55 to 18.75 -0.11% 1.29 times
30 Wed Oct 2024 18.73 18.53 to 18.76 0.81% 1.68 times
29 Tue Oct 2024 18.58 18.57 to 18.68 0.27% 1.62 times

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