Index Trend Analysis Report
Prepared for you on Wednesday, October 17, 2018.
S&P GSCI BRENT CRUDE OIL ENHANCED IND TRUST (CME:SGESBRTR)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for SGESBRTR
The long term trend has been UP since Sep 4th, 2018 at 1098.068
The intermediate term trend has been UP since Aug 24th, 2018 at 1051.547
The short term trend has been DOWN since Oct 17th, 2018 at 1114.729
Smart Scan Analysis for SGESBRTR
Based on a pre-defined weighted trend formula for chart analysis, SGESBRTR scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1208.623||52wk High Date||2018-10-03|
|52wk Low||739.492||52wk Low Date||2017-10-20|