Index Trend Analysis Report
Prepared for you on Sunday, August 20, 2017.
S&P GSCI CRUDE OIL DYNAMIC ROLL INDEX ER (CME:SPDYCLP)
Smart Scan Chart Analysis continues negative longer term. Look for this market to remain weak. Strong Downtrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
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 SPDYCLP
The long term trend has been DOWN since Mar 8th, 2017 at 840.825
The intermediate term trend has been DOWN since Aug 10th, 2017 at 747.722
The short term trend has been DOWN since Aug 1st, 2017 at 758.429
Smart Scan Analysis for SPDYCLP
Based on a pre-defined weighted trend formula for chart analysis, SPDYCLP scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||911.223||52wk High Date||2017-01-03|
|52wk Low||716.806||52wk Low Date||2017-08-17|