Index Trend Analysis Report
Prepared for you on Thursday, March 22, 2018.
S&P GSCI BIOFUELS USD (CME:SPGSBF)
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 SPGSBF
The long term trend has been DOWN since Dec 23rd, 2016 at 120.2987
The intermediate term trend has been DOWN since Mar 15th, 2018 at 107.0290
The short term trend has been DOWN since Mar 7th, 2018 at 109.5399
Smart Scan Analysis for SPGSBF
Based on a pre-defined weighted trend formula for chart analysis, SPGSBF scored -90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||119.8566||52wk High Date||2017-03-28|
|52wk Low||103.9404||52wk Low Date||2018-01-18|