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Downtrend Broken Resist.Archive
- 8/21/2026 -
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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 consecutive positive week for the WisdomTree Continuous Commodity Index Fund (GCC). During the week, the GCC gained 1.24 points, or 4.92%, and closed at 26.42 on Friday, August 21, 2026. Weekly volume was -18% below 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 (24.62) 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 26.48 on August 21, 2026. GCC gained -4.22 points, or -18.96%, in 8 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (24.82) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 medium-term trend.
 Weekly Technical Indicators: [See GCC weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 link to access Williams' Percentage Range help.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 3, 2026 at 23.81 and reached 26.48 on August 21, 2026. GCC gained -2.67 points, or -11.21%, in 18 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. Daily Relative Strength Index and MACD have bearish divergence. Use the following links to access the Relative Strength Index and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index 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 links to access Lane's Stochastic and 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.
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