Commodity Channel Index (CCI) is an indicator that can assist the traders in their speculating decisions whether to buy or sell a financial instrument, either forex, commodity, CFDs, and much more.
The ability to interpret this indicator right is the key to trading consistency thus leading to long-term success.
Usually, the traders foresee the markets using a combination of indicators, such as the CCI, the Stochastic Oscillator, Zig-Zag, Fibonacci, Relative Strength Index (RSI) and other known tools.
The key is to be able to use the indicators in such a way that will assist you to have a wider, clearer, and better idea of the future price movements.
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