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Archive
- 5/29/2026 -
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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 the negative week for the WisdomTree Continuous Commodity Index Fund (GCC). During the week, the GCC dropped -0.44 points, or -1.74%, and closed at 24.88 on Friday, May 29, 2026. It was the worst weekly loss since March 20, 2026. GCC was trading at average weekly trading volume.
 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 (17.88) 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 November 21, 2025 at 20.03 and reached 26.50 on May 13, 2026. GCC gained -6.47 points, or -32.30%, in 24 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 23.57 and resistance is at 26.96. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See GCC weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 above its signal line since January 2, 2026. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
 Short-term trend: [See GCC short-term trend chart]
A short-term downtrend had started on May 13, 2026 at 26.50 and reached 24.72 on May 28, 2026. GCC lost 1.78 points, or 6.72%, in 15 days. The price is now at the 8.99% retracement level.
 Daily Technical Indicators: [See GCC daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since May 15, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.
Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support 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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