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Downtrend Broken Resist.Archive
- 7/10/2026 -
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WisdomTree Continuous Commodity Index Fund (GCC) Technical Analysis
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| Summary:
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| | It was a second positive week after 6 consecutive negative weeks for the WisdomTree Continuous Commodity Index Fund (GCC). During the week, the GCC gained 0.87 points, or 3.82%, and closed at 23.62 on Friday, July 10, 2026. Weekly volume was -44% below 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 (17.93) 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 22.34 and resistance is at 27.67. 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. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. 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 near its 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 23.71 on July 9, 2026. GCC gained -1.45 points, or -6.51%, in 15 days. The price is now at the 6.21% retracement level.
 Daily Technical Indicators: [See GCC daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. Use the following link to access Williams' Percentage Range help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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