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Downtrend Broken Resist.Archive
- 8/28/2026 -
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WisdomTree Continuous Commodity Index Fund (GCC) Technical Analysis
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| Summary:
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| | It was the negative week for the WisdomTree Continuous Commodity Index Fund (GCC). During the week, the GCC dropped -0.27 points, or -1.02%, and closed at 26.15 on Friday, August 28, 2026. It was the worst weekly loss since June 26, 2026. Weekly volume was 222% above average.
 Long-term trend: [See GCC long-term trend chart]
A long-term downtrend had started on May 13, 2026 at 26.50 and reached 22.26 on June 24, 2026. GCC lost 4.24 points, or 16%, in 6 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (24.91) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. GCC may retest the broken resistance line. It is considered to be a support line now. 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 June 24, 2026 at 22.26 and reached 26.49 on August 28, 2026. GCC gained -4.23 points, or -19.00%, in 9 weeks. The price is now at the 8.04% retracement level.
 Weekly Technical Indicators: [See GCC weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since August 14, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 August 25, 2026 at 25.91 and reached 26.49 on August 28, 2026. GCC gained -0.58 points, or -2.24%, in 3 days. The price is now at the 58.62% retracement level.
 Daily Technical Indicators: [See GCC daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Daily Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Relative Strength Index help.
The daily MACD line is above its signal line since August 5, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
A Parabolic SAR (stop and reversal) indicator (26.06) comes close to the price (26.15). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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