Index Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
S&P GSCI CRUDE OIL DYNAMIC ROLL INDEX ER (CME:SPDYCLP)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight 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 SPDYCLP
The long term trend has been UP since Sep 25th, 2017 at 786.563
The intermediate term trend has been DOWN since Jul 16th, 2018 at 1007.796
The short term trend has been DOWN since Jul 11th, 2018 at 1057.901
Smart Scan Analysis for SPDYCLP
Based on a pre-defined weighted trend formula for chart analysis, SPDYCLP scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||1092.882||52wk High Date||2018-05-22|
|52wk Low||716.806||52wk Low Date||2017-08-17|