Index Trend Analysis Report
Prepared for you on Thursday, September 20, 2018.
S&P GSCI BIOFUELS USD (CME:SPGSBF)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with 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 SPGSBF
The long term trend has been DOWN since Dec 23rd, 2016 at 120.2987
The intermediate term trend has been UP since Sep 10th, 2018 at 98.5680
The short term trend has been UP since Sep 20th, 2018 at 97.6915
Smart Scan Analysis for SPGSBF
Based on a pre-defined weighted trend formula for chart analysis, SPGSBF scored +70 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||113.3835||52wk High Date||2017-11-24|
|52wk Low||94.4972||52wk Low Date||2018-07-16|