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Archive
- 7/17/2026 -
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WisdomTree Continuous Commodity Index Fund (GCC) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a third positive week after 6 consecutive negative weeks for the WisdomTree Continuous Commodity Index Fund (GCC). During the week, the GCC gained 0.48 points, or 2.03%, and closed at 24.10 on Friday, July 17, 2026. Weekly volume was 28% above average.
 Long-term trend: [See GCC long-term trend chart]
A long-term uptrend had started on January 2, 2024 at 16.31 and reached 26.50 on May 13, 2026. GCC gained -10.19 points, or -62.48%, in 123 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (17.94) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See GCC medium-term trend chart]
A medium-term uptrend had started on April 9, 2025 at 17.70 and reached 26.50 on May 13, 2026. GCC gained -8.80 points, or -49.72%, in 57 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 22.42 and resistance is at 27.82. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See GCC weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The weekly MACD line is below its signal line since June 5, 2026. The distance between MACD and the signal line is relatively high, but getting smaller. Use the following link to access a MACD help.
 Short-term trend: [See GCC short-term trend chart]
A short-term uptrend had started on June 24, 2026 at 22.26 and reached 24.15 on July 17, 2026. GCC gained -1.89 points, or -8.49%, in 23 days. Price is near the trend high.
 Daily Technical Indicators: [See GCC daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following links to access Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is above its signal line since July 2, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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