Index Trend Analysis Report
Prepared for you on Friday, October 19, 2018.
S&P GSCI BIOFUELS EXCESS RETURN USD (CME:SPGSBFP)
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend 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 SPGSBFP
The long term trend has been UP since Oct 15th, 2018 at 47.8791
The intermediate term trend has been UP since Oct 2nd, 2018 at 45.7945
The short term trend has been UP since Oct 12th, 2018 at 47.3580
Smart Scan Analysis for SPGSBFP
Based on a pre-defined weighted trend formula for chart analysis, SPGSBFP scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|52wk High||55.7632||52wk High Date||2017-11-24|
|52wk Low||43.2444||52wk Low Date||2018-09-18|