Veren Inc T.VRN

Technical Insight™

[juvefooballclub]

Commodity Channel Index (CCI)Find Events

Implication

Recognia identifies the following CCI events:

• A bullish event when the CCI rises above the +100% line.

                 .

Typically, if the price is greater than the moving average, then the CCI will rise towards or above the 100% line. If the price drops below the moving average, then the CCI will drop towards or past the -100% line.

[Anschutz]

Your point about the CCI is correct, however consider this.  Here's a chart of CPG current as of today.  I marked out ranges using the CCI.  The start of each range is where CCI hit and went above 70; the end of each range is where the CCI dropped back below 70.  With the uptrend CPG has been in, you could have captured $4.80 of gains just by playing the CCI.  Looking

[LoneWolf3579]

Wow.....very well presented Anschutz.....way to make a complex analysis simple to understand

[Anschutz]

Probably one of the cleanest text book examples I've ever seen. It's always easy to see it in hindsight. It's much harder to see when it's first starting and also to have the cojones to keep playing it.  At some point it will reverse however I think oil and Canadian E&Ps still have lots more room to run. I actually didn't play the CCI and in hindsight I should have