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Index Trend Analysis Report

Prepared for you on Wednesday, February 21, 2018.

S&P GSCI BIOFUELS EXCESS RETURN USD (CME:SPGSBFP)

Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend 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.

CME_SPGSBFP
Open High Low SPGSBFP Price Change
52.1640 52.5633 52.1318 52.3839 +0.0924
Entry Signal

MarketClub’s Trade Triangles for SPGSBFP

long term down The long term trend has been DOWN since Dec 14th, 2016 at 65.9589

intermediate term up The intermediate term trend has been UP since Feb 6th, 2018 at 53.1452

short term down The short term trend has been DOWN since Feb 16th, 2018 at 52.2061

Smart Scan Analysis for SPGSBFP

Based on a pre-defined weighted trend formula for chart analysis, SPGSBFP scored -75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).

-75
Smart Scan Analysis for SPGSBFP
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
52.1640 52.5633 52.1318 52.3839 +0.0924
Prev. Close Volume Bid Ask Time
52.2915 0 2018-02-21 13:36:55
52wk High69.720352wk High Date2017-02-22
52wk Low51.061252wk Low Date2018-01-18
Want to analyze S&P GSCI BIOFUELS EXCESS RETURN USD SPGSBFP or another symbol? Try our Free Index Trend Analysis Report.