Index Trend Analysis Report
Prepared for you on Wednesday, November 14, 2018.
S&P GSCI BIOFUELS USD (CME:SPGSBF)
Smart Scan Chart Analysis shows that negative longer term is strengthening. The market action could signal the start of a major trend change Weak Downtrend 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 SPGSBF
The long term trend has been UP since Oct 2nd, 2018 at 102.1347
The intermediate term trend has been DOWN since Nov 8th, 2018 at 103.4387
The short term trend has been DOWN since Nov 14th, 2018 at 103.5875
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|